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Thursday, October 8th 2009

10:08 PM

Real Estate Nightmares

Actually my whole life is a real estate nightmare right now.  Every house I try to buy is jinxed!

But as I was perusing the listings this evening, I ran across this gem.  Now, the picture of the house didn't look that bad.  But the write up would scare anybody away.  I've made offers on some pretty radical fixer-uppers, but I don't even want to look at this one:

"Charitable Trust Sale. One of the biggest fixers I've seen, and I've been around a while. Tax rolls show this as 20 units. Okay, well, there appear to be eight studios in the back with garages, plus a very big front house. It seems then that the front house is shown as 12 sleeping rooms, in order to get the 20 unit total. But I don't know for sure nor do I guarentee it. Tax rolls do show 6176 square feet total. This project is a major fixer, and could be hugely profitable. Absolutely cash only."

And you can own this property for a mere half million dollars.  What a steal.

We are making yet another offer on a house tomorrow.  It's not an REO, not a foreclosure, not a short sale.  The owner is actually living in the house and we met him.  So if fifty other people don't offer on this house, maybe there's a chance ...  Wish us luck.

Not a good writing day for me.  I'm stuck again.  So I just took a nap.

Thanks for stopping by,
63 editorial comments.

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Isn't it odd that property doesn't move in most of the country but in parts of California, property is fought over.
Saturday, October 24th 2009 @ 11:08 AM

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I know! We thought we would just ... buy something! Still no house.
Saturday, October 24th 2009 @ 12:28 PM

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