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Updated 3 months ago on . Most recent reply
#1 Real Estate Agent Contributor
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- Coppell, TX
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Everyone wants to buy a foreclosure until they get to see inside the property
#1 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
Everyone wants to buy a foreclosure until they get to see inside the property.
Look at what this guy won at the tax foreclosure option.
https://www.13abc.com/2024/02/25/buyer-beware-local-man-buys...
It's not always pretty, profitable, and fast flipping like they show on TV and YouTube.
Most Popular Reply
Quote from @Bruce Lynn:
Everyone wants to buy a foreclosure until they get to see inside the property.
Look at what this guy won at the tax foreclosure option.
https://www.13abc.com/2024/02/25/buyer-beware-local-man-buys...
It's not always pretty, profitable, and fast flipping like they show on TV and YouTube.
As an investor who invests in distressed debt. What they are showing in that link is normal. You cannot believe how people live.Our typical trashout is 3-5k, most of time water is not on or power, they use the house as one large toilet. Seriously its worse than animals living in these places.
But go ahead and bid it as if it is nice and clean. If you do not bid it as a full gut rehab including removing the floors and joists, good chance you can lose $.
- Chris Seveney
