Yes I have bought city owned houses,but you need to be an experienced investor/rehabber. When dealing with most of these houses you are dealing with major code and habitability issues. But many cities will loan the rehab money at 0%-3% until the house is sold. They also offer excellent terms to the buyer. Most of these homes are in undesireable areas.
yes i have the same question... and if you can where might one find one of those properties in any given area? should we contact the county official or should we look at the city official?
In Pgh we have a TV Channel which shows houses the city owns. I bought one in the 90's. Now they are so HOT!!!!!!!! you have to wait forever to be able to bid. We have a list of qualificationsn that yiu must meet in order to purchase a property.
Yes I have bought city owned houses,but you need to be an experienced investor/rehabber. When dealing with most of these houses you are dealing with major code and habitability issues. But many cities will loan the rehab money at 0%-3% until the house is sold. They also offer excellent terms to the buyer. Most of these homes are in undesireable areas.
What qualifies you as an experienced rehabber in the eyes of city gov't? What kinds of documentation are they looking for?
Thanks for the reply
Roger
yes i have the same question... and if you can where might one find one of those properties in any given area? should we contact the county official or should we look at the city official?
thanks
pucx
In Pgh we have a TV Channel which shows houses the city owns. I bought one in the 90's. Now they are so HOT!!!!!!!! you have to wait forever to be able to bid. We have a list of qualificationsn that yiu must meet in order to purchase a property.
Lori
[addsig]
cool.
could you either post the list, email to me or tell me where to find it?
THANKS!!!
pucx