When walking through investment properties, don’t be upset when you walk in and the place is completely trashed. The more messed up a place is the higher the repair costs, the lower you can negotiate the price down with the bank after they do a BPO.
Check out this video where we walk through one of the most disgusting properties we have ever seen with many live critters inside.
As you can see from the video, the place was completely gross and is going to need serious work, but hey it is going to knock off thousands of dollars off the price that we sell it to our investors for.
A property like this will put $6000 – $8000 annually from cash flow in your pocket at a ridiculously cheap cost. So moral of the story is a disgusting an investment property is a blessing in disguise!
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