All Forum Posts by: Brenda Sacchetto

Hi Mary! Thank you for responding :)
I will review the property on Thursday. I've driven by and looked through windows, it's hard to really tell the condition entirely but the few rooms I saw looked fine-even lovely. The comps are a little tricky. The homes are custom built, so there is a combination of vacant lots and custom built homes. The house next door is valued at 2,000,000.00 and there are many homes like that in the area but nothing is selling... and there are a lot of foreclosures coming on the market. Thanks for your help.

I am a new potential investor. There is a foreclosed home in an upscale neighborhood that is listed for 1,100,000.00. I haven't viewed the home yet but the agent said it was a drug house where the insides, while nice have been stripped of everything. The home is 6,000 sq. feet and currently vacant and has been since July 2013. It is in Orange county Ca. My question is what is a rule of thumb on making an offer on something like this? I'd like to offer 550,000.00 is that crazy??? Anybody know?? Help?!