Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

Account Closed
  • Brooklyn, NY
0
Votes |
4
Posts

Tenants seek investors for unique Landmark District house REO

Account Closed
  • Brooklyn, NY
Posted

We are long-term (6 year) tenants who have been faithfully paying rent in a very unique 5000+ sq ft/8+BR house in a landmark district. The owner was foreclosed on years ago and now it is REO or soon to be. The bank wants $2.2 million. Heard an offer went in of 1.8 by someone. Are there ways to find investors who just want to own/sit on for a while with a rent roll or who might be able to be part of a patchwork of a few investors? There are a few of us and some former tenants who could come up with funding but it wouldn't be as immediate as needed. I do know two appraisals were just done in the past month. And I know the comps in the neighborhood but this is a very unique property in terms of size as a single family and so not particularly desirable as such (could not be converted to a multi-fam). We do have a couple skilled workers in the house and it is in such a state that it could be left as-is with minimal repairs/upkeep as needed for the next 5+ years. It's like a country farmhouse but in the city.

Loading replies...