RENOVATION STILL IN PROGESS-NICE AND EASY–NOT AN AUCTION, NOT A SHORT SALE, NOT A BANK OWNED, NOT A FORECLOSURE, NOT WHOLESALING— AVAILABLE NOW- New Gas HVAC system, New Gas Water Heater, New refrigerator and stove will be installed prior to settlement. Property will be delivered Renovated and ready- Seller can place a tenant for you, if desired.

 

 

 

 

This property has been on the market for 49 days. Without reviewing the location or ARV, I can tell you this will not sell for that price.

No decreases in price show that the seller is not motivated.

 

More importantly this seller bit off way more than he can chew.

Not only did he not finish the rehab, but notice the outside of the property. Awning completely missing and looking at the board up directly next to the vacant. 

 

In the spreadsheet it might look like a good opportunity, however, it’s not only about the spreadsheet math!

 

There are more factors that come into play!

Similar Posts

America’s housing crisis was already here. Coronavirus made it worse.

The reclaimers, homeless residents and supporters are protesting the shortage of affordable housing. The action they took, taking over vacant homes in LA without a lease and without permission. I question how often this happens in Baltimore City due to the number of vacant homes. The consequence behind these acts, they hoped would be to…

Baltimore City Tax Assessments: Overview for Rental Property Investors

What are Baltimore City Tax Assessments? In Maryland, the Department of Assessments and Taxation must appraise each of the more than 2 million properties once every three years.    These assessments are then converted into property tax bills by applying the property tax rates. An assessment is based on an appraisal of the fair market…