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Updated over 8 years ago,
I have found 3 abandon properties in MD
Good Afternoon BP, I am still a newbie in the real estate business, mostly because I'm not educated enough to proceed. I would like to know what I'm doing and I would like to know what I am talking about before even entering in to a discussion of purchase.
I have found 3 properties. One that just had squatters removed and is not yet on the market. I've found some information regarding the property. I seen an agent in there taking pics for the bank, but it is not on the market as of yet. I found the name of the bank that is taking over the property, but I can't get an asset manager. What do I need to do to move forward? It is a newly constructed property, there is only cosmetic damage. But I think that with some updating and remodeling, the ARV would be significant in the neighborhood. Actually someone just did a fix and flip and will profit nicely if they get what they are asking in regards to what they paid for it. I don't what the repair value was though. So Do I try to wholesale or fix and flip for my first show on the road? Where can I get a funding letter?
The other 2 properties are REITs and I have found the attorney info for them as well.
Someone help soon please.