All Forum Posts by: Collin Cook

Well I would not be investing in these as a buy and hold. Ideally I would like to wholesale these.  I guess the same point still applies though.  The fact that they are the two next to each other doesn't matter though?

I have been looking for deals in Pittsburgh and think I may have found one. I found a motivated seller with not one, but two row houses in a nice area. However, I come to find out they are part of a quad-plex or 4 unit of row houses. She only owns the two on the right.  They are all vacant and or boarded up, similar conditon.  How much does not being able to control the other two hurt the value of the ones on the right? The other two have two different owners. Two out of four isn't bad right? 

I got the comps from the county website. He really wants the 10k to just get out of the property. Your assessment of war zone is correct.  Needs a lot of work. Could be very nice rental but it is in a city neighborhood It's not a bad street though.  I was working towards some what of a win/win, but have hit a wall.  Does the house have to be under contract in order to negotiate the taxes?

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There is a house in the Pittsburgh area that I have been looking at.  It is priced around 10k, but the seller owes around $20k in taxes and the place needs at least that much in work. The comps in the area are between 46-80k.  I really was hoping this could be something I could make work...BUT I looked around for an investor/rehabber/flipper for awhile and found that they had either heard of it and weren't interested or they thought the numbers didn't add up.

Should I keep calm and carry on or does this mean this truly is a dud deal?

Thanks for any input!

(helpful is best, condescending lectures less welcome, but also good, but be gentle)

Hi  I am living in the city and am rather new to real estate investing myself. This may be a "tennant friendly" city but it is a landlords market.  Lots of renters and reasonably priced houses to buy.

 Hope to see you around,

Count me in as well. I might be able to bring a friend.

I am just starting out in REI. I have heard of large amounts of non-performing assets on banks books that they would like to get rid of. The story came from a guru who bought a tape of them for $$$$$. Obviously most people don't have access to this kind of capital. Is it possible to buy single REOs from a bank or am I wasting my time hoping they will deal with someone so small time? Thanks for any help. Always looking to network to so add me!