Just got back from vacay.
I setup two appointments but realtor couldn’t make them work, last I knew it was still available, and I kind of lost interest.
$3m semi anyone?
Inside’s super nice. At some point the bottom’s going to fall out and people who bought these homes for millions are going to be underwater. How long would they have to rent that place out for before making their money back?
Happened to my Uncle in 2008 in Phoenix. Bought 5 homes to rent out, underwater on all of them in early 2009, ended up declaring bankruptcy.
Awesome property, not for that price.
i know a guy that bought 2 down there at the crash. rents one and vacations in the other. both are worth triple now.
hoping to catch something like that in FL, TX, NV if there ever really is a crash.
they CAN just keep printing money and having PE firms buy up inventory to keep prices up though… i guess we’ll just have to wait and see.
good
i dont know what it was before but its down to $250k and now pending… what is wrong with this thing?
Maybe years of the previous owner dumping oil into a hole in the ground? I’m speculating, I don’t actually know.
Yeah, my guess is needing major rehab and probably decontamination combined with being a “Buffalo Local Landmark” (which makes everything you do subject to approval of the preservation board) makes it super unappealing to 99% of buyers.
See #105
That place must be rough inside if the only pictures show that it has electricity and heat.
At least the current owner pays next to nothing for taxes.
if that thing goes for like $200k and gets rehabbed it will be regrettable we didnt buy it… i’m in for 50%… GOI!!!
The realtor called me* about it yesterday, said an offer was accepted.
I drove by there. It was a fucking shit hole.
Offer to tear it down?
Zillow thinks we’re in for a strong year. 
Buffalo has the highest number of jobs per new housing unit among all 50 of the cities Zillow measured, the company noted. With more jobs, competition for housing is expected to heat up and drive home prices upward, Zillow said, unless enough new homes are built to meet that demand.
i’ve sent you some listings that i think are interesting deals for doubles. i cant manage tenants over there though.
I’ve been reading about “walking debt” or “walking a mortgage” since rates have gone up.
I mean, it sounds like a life hack but I don’t have any experience with this. Anyone else have input?
https://twitter.com/CaseyMericle/status/1744685205443551717?t=1pbfJFrQVUpAZzQy8_3OMQ&s=19
This one is around the corner from me and I was waiting to see what they listed it for:
sold for $380k a year ago, listed for $1.9M
I was told it had foundation issues and needed everything redone.
"So you want this marble for your kitchen counter?"
“No, my kitchen walls”