All Forum Posts by: Karen Hargis

This is a hoarding situation in and on the whole property where neighbors have complained for years with police out on a regular basis and drug use that now the property finally got condemned and they will most likely just walk away from the property and leave it( you would have to see what is outside of the house to believe it). That is why I would like to offer to buy it before the city takes it for back taxes. 

I would like to try to obtain a distressed property that has just been condemned. They owe back taxes(3500) and I'm sure they do not have the funds to make repairs. I am going to knock on the door and introduce myself and see if they are wanting to sell. Is there a typical amount that may be offered extra to help them out after I come to my price? or even to do that. I feel this house is 240-250k ARV with about 40-60k repair. I was going to offer them 110k. This would be my first approach on a property/owner like this. Any advice is appreciated. Thank you.

 Thank you.

Hi, I am a realtor for 10 years and just acquired my first fix and flip. I may know of a private lender but would like any referrals for hard money lenders and what typically is the interest rate? How do I find contractors that deal with investment properties and can get in and out quickly and not scam me? I have a lot of questions and appreciate any advice. Thank you.