Posted by Rafiq on March 29, 2002 at 09:50:40:
Need more input.
Is there anything owed on the property other than taxes?
What do comps look like in the area?
How does the neighborhood look?
If it is free and clear is the owner giving you the property for $2,500 only?
If it is not, can you assume the loan?
Have you had the property inspected by a professional to determine fix up costs?
What does your credit look like?
Do you have time and money to wait for repairs to be completed?
Etc., etc., etc.