Good Afternoon Everyone,I am looking into a property that 15,259 sq ft lot in Washington, DC.The property that sits on it is a complete tear down.It was built in 1925,single family detached home with a porch.I wanted to know what you all think of it.It is Northwest Washington,DC.The asking price is around $600k.I am thinking subdivide the land build two homes.Can you give me your thoughts.Thank you

I've had friends who lost a place, much to do with the management company sitting on it and not getting it rented then charging hourly fees for things my friends should have done themselves.

This comes into play when a bank gets the property and it sits while the foreclosure is drawn-out.

The park sits on just 3 of 40 acres total just a few miles off I-20 about an hour from Dallas.

A home he bought @ the tax auction (4 years ago) sits empty & in bad shape, yet he took an investor (that we financed) to court for non painted window frames installed recently in 25deg weather.

That can be a number of things, you just need to sit down and write them out so you know your worth, if you will.

My town is growing very fast and just 10 miles down from the property, houses go for $200,000 sitting on a quarter of an acre.

With that being said, in 2009, I did sit in on his weekend pitch (actually Paul came in for that one) and it was decent.

I'm remind of the old Twilight Zone episode where the lonely guy buys a love potion for cheap, like $10.He was impressed at the exceptional value and it's powerful effect on his love interest, who doted on him and made him the object if her desire round the clock.I don't recall what the antidote cost him, but he gladly paid the old shopkeeper the astronomical price to get 'her' out of his life.Perhaps the note could be "gifted" to a competiting note buyer?

But Hector is their best chance to get paid something after three years of sitting on their judgment.