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Updated about 12 years ago,
Any potential in this type of deal?
I have no intentions on doing anything, I'm only asking to learn and know for the future.
A fully fresh rehabbed property just came up on the MLS, new stainless energy efficient appliances, carpet, paint, floors, heating system, ect..
Now, my questions are as followed.
1) Seeming how all the work is pretty much done, is their any leverage in brining the price down or is it even worth to look at it in order to FLIP it?
2) If houses like this come on the market and are not worth buying a bit cheaper from the bank in order for your self to resell it for a profit, would it be a good rental investment?
3) How do investors go into buying a property and fixes it all up and all sudden, they are the ones losing the house? Unless it was sold once the rehabbed was done and the buyers couldn't afford it?
Thanks