Posted by Ian on October 07, 2004 at 22:36:48:
Those will be some of the things an investor will want to know.
I suggest looking in the “real estate” section of your local newspapers. I have found about 5 investors from that source. Joining a real estate investment club also helps you expand your network.
Bird-dogging - Posted by Karen
Posted by Karen on October 06, 2004 at 11:52:52:
I am a newbie investor and found a piece of property here in Tampa. The land has an ‘assessed value’ of 49k and there is a 7500 sq ft house on the property that has never completed construction. How do I find an investor to bird-dog the property to and what are the standard procedures to follow? Would I be better off buying the property and repairing it or letting the city demolish it?
Thanks in advance.
Re: Bird-dogging - Posted by Ian
Posted by Ian on October 07, 2004 at 22:34:30:
How close is the house to being completed construction? What would the property value be after it is finished, what would the costs be to finish it, and what kind of holding costs would you be looking at, and for how long? Would you be able to rent the house out afterwards, maybe as a vacation rental or something along those lines?
Hope that helps!
Ian