Look for (also) your assets with problems. Sometimes you need to open your head a little and you can ...

Look for (also) your assets with problems.

Sometimes you need to open your head a little and you can earn a lot of $$$.
So like that, about two years ago we bought for a client property in the city (the first one where I started my career in US real estate, on the Detroit Metro) Eastpoint. I knew the property had a lot of people who came interested, and left. Everyone went no one purchased.
When I entered the house, which was indeed disgusting, I did not expect what awaited me in the basement. 4 walls with a significant belly inside. Cracks along the width, you think that if you touch the wall of the house crashes on you.
I called the contractor and he was his cellar man, and they told me: It's possible.
10000 $ ACH, we had a reinforced basement, renovated, with lifetime warranty,
The house upstairs is beautiful while 7000 $
The price of the property was $ 23000. The total cost to the purchaser was $ 46000, while nearby homes were sold at 55-65 $ 1,000
The house has been rented since the renovation at $ 925.

All these years I have been receiving registrations of houses with FIRE DAMAGE.
Even yesterday. I got houses around the 7000-10000 $. They have fire damage. Americans do not like to deal with it. They love to go into the house and say Wow!
If homes are sold in 35-45000 $
And if the house can be renovated for $ 15000 including everything… Maybe we have a deal?
Of course depends on the size of the damage, his location in the property.
Everything needs to be checked.
But do not be alarmed by troubled assets. Let the Americans be alarmed. Buy them, repair them, and let them sell.
The problems of others are sometimes our advantages.
Successfully