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Reply to "“DO NOT DISTURB TENANTS”…what’s up with this listing?"
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[quote=Anonymous][quote=Anonymous]it seems risky to buy a house (despite being sight unseen) and then have to wait a year to be able to do anything with it. [b]If you borrowed money to buy it I'm guessing the interest and taxes would exceed what the rent is considering the condition of the house.[/b] And you couldn't even get into the house to measure or start planning for a reno/ remodel. The only thing that would make sense if it was a teardown - the plans for a building permit could be started right after closing and be ready for when the tenant moves out. I'd love to know more details about this listing![/quote] CASH ONLY! No financing contingencies. No CONTINGENCIES for ANYTHING. CASH ONLY. [/quote]
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