Pretty much everything I want to look at in Herron-Morton Place is currently being being bought by investors who are planning to renovate with the bare essentials and then try to flip the property for a profit. The house on 16th that was one of my other possibilities is pending with a deal with investors, too. This sucks, because they usually have cash on hand, where I have a loan, so their offers are more attractive. Sadly, it’s not as good for the renovation and preservation of house in the long run, because it won’t be purchased by someone who wants to live there long-term.
- Post author:HFM
- Post published:November 15, 2001
- Post category:House and Home
- Post comments:0 Comments