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Updated over 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
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#1 Multi-Family and Apartment Investing Contributor
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- Santa Rosa, CA
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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.