Member
Joined: 2008-03-28
Points: 71
OfflineName:
Earl Follah
efollah
All About efollah
OfflineTopics I've Participated In
| Title | Poster | Replies | Updated |
|---|---|---|---|
| Technical problem | efollah | 14 | 13 years 1 week ago |
| Assignment Contract | lakisha1 | 56 | 15 years 4 days ago |
| Potential First Deal at last!!!!!!!!!! | efollah | 2 | 16 years 11 weeks ago |
| Offers to Prospective Sellers | efollah | 4 | 16 years 33 weeks ago |
| REOs and Condemned Properties | efollah | 4 | 16 years 33 weeks ago |
Basic Info
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Sites I Visit
Mainly Just This One
REOs and Condemned Properties
Hey Folks,
What do you advise about dealing with condemned properties? I saw two condemned buildings today both were quadruplexes. They were in a fairly good neighborhood. I was scared about them at first but afer reading chapter 17 of Be A Real Estate Millionaire, I was emboldened by Dean's story about one fantastic deal he executed. What are the steps to handle such cases?
I also saw a REO(quadruplex)close to a one of the colleges. There were $6,845 taxes on the property and the bank was asking for $160,000. SHOULD I GO FOR IT?