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My offer: $125,000.
I've never seen spider webs like this except for the fake ones you see in front yards on Halloween. These are real.
653 and it could be the worst
I'd say 80% of the homes I've bought were purchased on the courthouse steps. When buying at the auction, you don't get to see the inside. This is one home Nike Hoodie Mens 2017
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Have you ever seen anything like it? Wait,it gets worse. More to follow!I had to have my climbing shoes on because the heaps of garbage were taller than me. Fortunately for me, part of the house had some trails that I could navigate. That's a trail in the center of the picture.
I sent my acquisitions guy down there to look at the house. When he came back he said, "that's the worst house I've ever seen."At first I thought "Come on, really? You've looked at over a thousand houses for me!" Ultimately,I took his word for it. We threw a number at the rehab and ARV and made an offer. It was accepted.
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Rehab $175,000 (probably a littleless, I hope)
to see the back yard, there might be a clue, however. CA. and that lady was a nurse !!! . And one in Portland almost as bad and one out in the outskirts of pdxbad but not that bad. I wonder if they worry about mold? The one in PDX I never touched because it had a second lot. I listed it on MLS put in the private remarks. ( Warning Hazmat suite and Masked Required) I had agents calling me thinking I was joking and I told them no joke. From door is wide open go on in. Eventually sold it to rehabber who took it to studs split off a lot and built another home and came out smelling like Rose !!
The workers all asked if anyone was living here. Yes! See, here is a picture of the kitchen, they kept one burner available for cooking. Something tells me the dishwasher doesn't get much use.
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I'm really glad I didn't buy at auction. Judging by the appearance from the street, you'd never guess what you were to find inside. At the auction, this deal surely would have been a big loser due to underestimating the rehab. There is no indication here that the house was THIS bad.
Since there were some unknowns I had to make a conservative offer. It would take a while to fix this place up, so I had to add some margin to cover the carrying costs.
Ok, so now I knew that my acquisitions guy was right! We were in for it!
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Then there are the hard ones. Then I see something I haven't seen before. This time, It's so outrageous that I couldn't resist sharing. I'll share the visuals, but fortunately for you I can't share the smells.
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ARV $400,000 (probably a little more, I hope)
Closing was about a month later. The seller agreed to move out and leave the key at the title company. On move out day, I went down to the house to see it for myself for the first time. When I opened the front door, this is what I saw.
I came across this deal from a wholesaler who I met on BP (thanks yet again BP for making me money). He hadn't seen the house in person but he had heard it was in bad shape.
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