Do you stay away from listings where the house is fully remodelled

[Alex Clark]

Hey yall, so I'm looking around in Detroit, Michigan and Ohio i'm wondering if these listings where the house is fully remodelled are even worth it? There's a reason someone's selling it right? Most likely an investor who is trying to get rid of it. Or am I wrong?

[Randy Rodenhouse]

Typically when the listing is fully renovated, the seller has to get their money back out to pay the underlying loans whether that is a hard money lender or they need to pull out cash to move on to the next deal.  So myself, I stay away from those since I'm not going to be able to buy those creatively using subject to, owner finance or maybe lease option, but instead I would have to buy with cash or bank financing which I avoid.  By the way, I lived in Michigan and Ohio for over 25 years.  Now live in the south...much warmer...lol