investment question

[Igifuno]

Few things you should look into gixx..

Communities do have the chance to 'rebound', and you should contact the city planning commissioners office to see if you can learn about any potential or definitive plans to revitalize the community over the next 10 years and see if you can find out details surround any such revitilization efforts to help determine the future value of the asset.

Also, look into any exising or open violations that, as the owner, you would be responsible for correcting. This could end up being very costly. C and D class assets can still produce positive cash flow, but can also come along with headaches such as turnover. I'm assuming you're looking into investing and renting? Keep in mind that, with the type of asset you invest in, the same class renter will come along with it, so prepare yourself for the potential need to evict for non-payment of rent, and to cover costs for damages and rehab (paint, cleaning, appliances). Yes you can sue for losses, but bad debt recovery from C and D class renters are not highly successful.

[gixxerboy1]

Few things you should look into gixx..

Communities do have the chance to 'rebound', and you should contact the city planning commissioners office to see if you can learn about any potential or definitive plans to revitalize the community over the next 10 years and see if you can find out details surround any such revitilization efforts to help determine the future value of the asset.

Also, look into any exising or open violations that, as the owner, you would be responsible for correcting. This could end up being very costly. C and D class assets can still produce positive cash flow, but can also come along with headaches such as turnover. I'm assuming you're looking into investing and renting? Keep in mind that, with the type of asset you invest in, the same class renter will come along with it, so prepare yourself for the potential need to evict for non-payment of rent, and to cover costs for damages and rehab (paint, cleaning, appliances). Yes you can sue for losses, but bad debt recovery from C and D class renters are not highly successful.

Good idea about the planning commision
i thought about the open violations, back taxes. Some in the ads mention there are none but of course i would check before purchasing
I probably wouldnt rent. What you could get in rent probably isnt worth the headache or repairs. I was more thinking of it for the land. Purchase it and just stick the dead in a safe and wait years.

As far as the other comments about real estate investors would purchase them. I dont think many people that invest for a living are looking to hold onto something as a long term investment

[Igifuno]

I happen to be a real estate Investment Manager. .lol..