Areahomeownersolutions' Blog

Real Estate Investing

Vacant Buildings – Babs love to buy them!

Babs Buys Vacant Buildings Needing Rehab!

Don't let vacant buildings sit!

A woman came up to me a couple of weeks ago and asked me to help her.  “I have an ugly vacant building right across the street from my home,” she cried.  “Please buy it, Babs,” she said.

Why are vacant buildings so bad for the neighborhood?  They are an eyesore, that’s a given.  They look bad, and they make the neighborhood look bad.  Get a couple in a row, and it starts to look like the depressed part of town, right?  So, what else is so bad?

Well, they are what’s called an “attractive nuisance” to children.  They lure kids in, by their nature, and teens are especially susceptible.  They can be extremely dangerous, especially ones in bad disrepair.

They also bring down the property values of the surrounding buildings.  They make an otherwise attractive house to a potential buyer suddenly become one the buyer passes on.

As a real estate investor, I see vacant buildings as an opportunity; yes, an opportunity to do something positive for a neighborhood.  An opportunity to help someone in trouble.  People who own vacant buildings are usually experiencing some kind of distress.

Thanks for reading.  As always, we welcome any and all comments, and we look forward to networking with sellers, buyers and other investors.  We are just a call away – 888-780-HOUSE!

Babs

November 9, 2009 - Posted by areahomeownersolutions | Babs Buys Houses, Bargain Properties, Investors, Real Estate, Vacant Buildings | , , , , , , , , , | No Comments Yet

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