It is in a great location, but needs a ton of work.

dont know title officer would know  and it would come out in a title report if its corrupt.

Just saw a well respected MF operator buy a property they have big plans for in a very rough neighborhood. 

Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property  in a particular market compared to a more expensive property  in the very same market which makes it difficult to absorb the improvement costs in some areas.

May consider selling in a few years once rates cooperate with higher purchase prices.

Hey Quentin, It sounds like you’re in a solid position to start your real estate investment journey, especially with the equity you’ve built up in your home and your ability to handle renovations.

Don't miss out on this incredible opportunity to own a stunning, completely remodeled home in a highly desirable location!

Overall it did take a bit more cash than we wanted, but we are very happy with the result and may consider selling in a few years once rates cooperate with higher purchase prices.

I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.

Hi @Rene Hosman -In a nutshell, I find motivated sellers and tenants with damaged credit (or ones without a large enough down payment) and work to put the tenants in the seller's house with an option to buy.