Help please with steps to buying "condemned" property...
I found an up and down duplex that has been “deemed unlivable” by the city until the necessary repairs are done.
It is a nice 2 story brick building/flat roof, with beautiful woodwork inside. The leaking roof seems to be the worse culprit and when fixed, I can clean, fix the ceilings and paint it.
My thought is that I could live in one area while I fix the other.
How should I go about contacting the city, buying it with no money down, etc. Could I do something like Dean did with his first property? Could I put it under contract somehow, get some money from a hard lender to do the repair of fixing the roof and proceed from there?
I have the city inspector’s name and contact info; but wanted to ask everyone here: what questions should I ask, what steps should I take? I've not done my first deal yet, but I've looked at this property for several years and always appreciated it.
Thanks so much for your response!
Ter Scott
__________________
Terrrific. Energizing. Results!
Public Speaker, Instructor, Marketer www.terscott.com
I found an up and down duplex that has been “deemed unlivable” by the city until the necessary repairs are done.
It is a nice 2 story brick building/flat roof, with beautiful woodwork inside. The leaking roof seems to be the worse culprit and when fixed, I can clean, fix the ceilings and paint it.
My thought is that I could live in one area while I fix the other.
How should I go about contacting the city, buying it with no money down, etc. Could I do something like Dean did with his first property? Could I put it under contract somehow, get some money from a hard lender to do the repair of fixing the roof and proceed from there?
I have the city inspector’s name and contact info; but wanted to ask everyone here: what questions should I ask, what steps should I take? I've not done my first deal yet, but I've looked at this property for several years and always appreciated it.
Thanks so much for your response!
Ter Scott
Terrrific. Energizing. Results!
Public Speaker, Instructor, Marketer
www.terscott.com