Abandoned Properties

[Suzie LaCombe]

I live in Poughkeepsie NY, where there is a bunch of abandoned properties. How can I determine the potential properties from the useless ones?

[Aaron K.]

Figure out what they'll be worth after renovation by researching local comps.  Then get a few contractors to give you quotes for full renovation.  Add that to your acquisition and holding costs, and you'll know if it's a good deal or not.