The three types of problem properties that scare off most conventional real estate investors are:
1. Stigmatized properties: These are properties that have a stigma attached to them because of some traumatic event that has occurred on the property, or the property is located near undesirable properties and nuisances.
2. Contaminated properties: These are properties that are contaminated by chemicals, mold, nauseating odors, or accumulations of toxic bird droppings, or they are infested with rodents, insects, or birds.
3. Condemned properties: These are properties that have been condemned by government agencies for building, health, safety, or fire code violations.
Was this article helpful?
If You Are Someone Who Doesn't Want To Take A Share Of The Real Estate Pie, This Is Not For You. Do You Feel The Real Estate Market Is Where Your Heart Lies? Always Wanted To Be A Part Of It. But Were Super Confused And Didn't Know Where To Even Start? Looking For Someone To Hold Your Hand And Guide You? Fret Not.