Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
Would you buy this House? Murder
Hello, would you buy a house that the son killed his mom and burnt the house down to flip?
Here are the numbers:
Purchase Price - $50k
Rehab Cost - $60-65k
ARV - $220-250k
There is a lot of room here, but I have never sold a murder house before and I know I wouldn't want to buy it, but someone has to do it..
Please let me know your thoughts.
Thank you.
Most Popular Reply
Brian Burke
#1 Multi-Family and Apartment Investing Contributor
Pro Member
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Santa Rosa, CA
- 6,908
- Votes |
- 2,285
- Posts
Brian Burke
#1 Multi-Family and Apartment Investing Contributor
Pro Member
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Santa Rosa, CA
Been there, done that, and it worked out fine. Get a big enough discount, and price it a little under market when you resell. Someone won't be able to resist the underpriced property and will look past the past.