Posted by jeff on July 06, 2002 at 21:11:12:
theres profit to be made in any neighborhood, the investing terms need to be altered to succeed. even warzones have deals lurking inside them. your right in assuming that these houses are harder to sale to the general public but if yuo look closely, the huoses beside it have sold and are inhabited by occupants. if a warzone house is bought at a GREAT price and doesnt ned 100K in repairs to bring it up to a 50K selling price, then it can be resold for profit if you know what your doing. these properties require a different approach, but they are indeed sellable, although may take more time to turn them around. buy a decent property cheap enough and you can cash out on the end, even in warzone. im a firm beleiver in kaiser’s way of thinking, a house is a house is a house. deals lurk everywhere.
id personally buy a rotted apple laying beside the road if i have 4 people standing around looking for a rotted apple just like it. buy it for 1 cent and sell it for 5 cents, looks like a deal to me, I’M IN!!!