As you may know, I love vacant house deals, and that is simply because they are disguised gold mines. In my previous post, I covered the fundamentals of vacant houses. But today is a continuation with more detailed info–a lot more.
In my informative post about the basics of vacant homes or abandoned property, I talked about why they have less competition than MLS and FSBO properties – and how that translates into endless opportunities that can ultimately be some of the most profitable deals you’ll ever do as an investor. We also touched on why you don’t need to personally fund your deals, and how the only capital you’ll risk is a small earnest money deposit of typically $10-$100.
I also laid out my 5-step process for quickly turning abandoned property into BIG paychecks. Here’s a brief reminder of what we covered:
#1. Spot or Locate the Vacant