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Updated over 10 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Nastassja S.
  • Real Estate Investor
  • Pittsburgh, PA
3
Votes |
15
Posts

Would you invest in a shell of a home?

Nastassja S.
  • Real Estate Investor
  • Pittsburgh, PA
Posted

Would you, as an Investor, purchase or be interested in a vacant home that has been almost completely stripped inside, or that is a near (or complete) tear down?

That is, of course, if the numbers worked. Also, to follow up that question, would you expect a higher profit range for such a larger project? This home has a (roughly estimated) ARV of $500k. Selling for about $300k. It honestly does not look like a complete tear down from the pictures posted, but there are no internal pics so I cannot tell the state of repair it is in.

Regardless of its state, I'm still curious if many, or if any, investors are interested in such a larger project and if they expect greater rewards from it.

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