Wholesale Condemned Home?

does anybody know what needs to occur in order for me to assign a contract on a condemned home. The inspections have been done. The repairs are generally minor. I am sure there are rehabbers who know all about this but this is my first deal and i am a novice.



Please?



Comments(8)

  • crowningtouch19th March, 2009

    Thanks, all makes sense. Appreciate your help.

  • lacashman18th April, 2009

    One investor in my area goes with stained concrete. He buys lower end house built on a slab, rips out any covering aplies stain and calls it good.

    Very durable.

  • ceinvests8th May, 2009

    You should not have much problem getting rid of smoke (cigarette smoke or from a fire?).

    Bleach goes a very long way (check for correct dilutions) in getting rid of all kinds of stuff.

  • commercialking8th May, 2009

    couple coats of KILZ and paint it.

  • ITBInvestor10th May, 2009

    As the above posters suggest..., then if needed, an ionizer for a few days will probably do the job. If they were regularly smoking crack, Kilz all surfaces, including the ceiling, then seal the garage floor with concrete sealer/paint and ionizer for 2-3 days....

  • bargain7622nd May, 2009

    Odoban works for me. Just spray liberally on all surfaces.
    [addsig]

  • cjmazur18th June, 2009

    The big issue I found was finding a title/escrow company that would do the double close.

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