I found what in my opinion, is a real gem.
REO has been on the market over 400 days.
1760 colonial, fairly large at around 3500 sq ft.
It has the sort of issues you'd expect for a house that is 250 years old, one buckled wall, roof past it's prime, etc.
It has all the great original floors and fireplaces (5)etc...
here's the thing, asking price is $144,000
Rehab cost, if you want to do it right, $100,000 to $120,000. Fixed up, in this area, this home is an easy $350,000 sale.
The question, Is this a good hard money type of project? As with many of you I have none of my own but I am a contractor so the fix up would be pretty easy for me.
How can I get this property?