I have the opportunity to purchase a fully gutted building at a great price.

FHA 203k would allow you to purchase a 1-4 family property with just 3.5% down of the Purchase Price + Renovation Costs.

Most NEW owners are very unreasonable on price because they want the highest price when they should be focused on reducing vacancy.

It's common in lower-priced markets, you won't find that on the coast.

@James McGovernA common issue with cash for keys is the landlord is suggesting a price to the tenant.

I’m eager to learn and contribute to the community.Looking forward to connecting with you all and sharing our journeys!

I believe it still would be.Finding properties that meet the ADU requirements can be hard, as they occur more in the upper price points.

Purchase price: $10,000 Sale price: $25,000 Contributors: Peter Vekselman We purchased a property on McDonald Street, Bluefield, VA, on 7/1/2024 for $10,000.

Purchase price: $300,000 Cash invested: $90,000 Sale price: $485,000 This was a fun one I got to do a few houses down from where I live.

The waterfront properties along the Chesapeake Bay and Potomac River have higher demand and can command premium prices.In recent years, housing prices in Southern Maryland have been steadily rising, but at a slower rate compared to the DC metro area.