Wondering if anyone out there has any advice on the best way to finance a great forclosure i know about, i missed the last auction which was ppd but only one couple showed up and didnt bite at 159,900, assessed value is 273,200 and i know overall condition of property because of an aquaintence who knows the owner. this would be my first deal and any help/advice would be appreciated forever.
I would be very careful about valuing a property based on assessed value… My suggestion is to ask a realtor to run some comps for you. good luck!
Dude
Be very careful when using Realtors.
I am one and most that I know have no clue as to what they are doing.
My brother in law has been a Realtor 13 yrs and has no clue.
I would venture to guess that at the current time one in 200 know what they are doing. If you use a realtor use one that owns more than just the house he lives in.
All the people who work for you Realtors, Tax people, Appraisers, Contractors…etc …I mean all of them should be investors so they think similar to you.
my 2 Cents
Brice Cook
If my realtor called me Dude, I would be careful of anything that realtor says.
Dude.