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Updated about 14 years ago,
- Flipper/Rehabber
- Kansas City, MO
- 750
- Votes |
- 734
- Posts
Cash Offer on Abandoned Property
I have been looking at some properties in a blue collar neighborhood to flip. The houses in the neighborhood are selling from around $20,000 (greatly distressed) to $85,000 (well maintained)....
I recently came across a house listed at $14,000 which needed about $18,000 worth of work to meet market standards...I was very interested in this property because my realtor said it could likely sell for around $45k after improvements....
Unfortunately another investor had a pending offer on the property within 7 days of being listed...
There are 4 other houses right in that area of the house that are highly distressed and abandoned...is there a way that I can contact these owners to buy the house before it goes out to market...this way I won't have to compete with other investors....I can find the owner information in the public records, but where do I go from there?
Thanks...
- David Robertson