Scoping Out Property #2
March 24th, 2006 by Grant in: Real EstateI got in contact with another real estate agent yesterday while I was looking for my next investment property. He called the listing agent, and found out that the property will need carpet and some paint touchups, but other than that, it was in good shape.
They are asking $82,500 for the property, and it is located within walking distance to the university.
I drove by the house last night, and it’s not in the greatest part of the neighborhood, but it does look like it’s in decent shape. I’m not sure I’m in the best financial position to take on another property, but I also found an ad in the paper for a non-hard money lender that will lend 100% financing, plus repair costs. This means I can buy the property and not have to use a dime.
It may be worth a phone call.
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