Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago,
Nasty hoarder inherited family feud house
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $70,000
Sale price: $210,000
Purchased this property from family of the deceased owner , it was in bad shape and was full of cats and debris . We are almost done rehabbing and ready to put on the market
What made you interested in investing in this type of deal?
Large return
How did you find this deal and how did you negotiate it?
The seller filled out a form on the website
How did you finance this deal?
Hard money
How did you add value to the deal?
Complete renovation
What was the outcome?
Pending
Lessons learned? Challenges?
Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed. We went back and forth with them trying to get stuff out they wanted. I could have said this is the date and that's it and I did but they kept putting it off with excuses.