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A distressed property is one that is in poor physical or financial condition. It could be rundown and in need of repair, with the owners unable to fund the necessary repairs or improvements. It could be in financial distress due to a high interest mortgage, with the owner unable or unqualified to refinance down to a lower rate.Or, it could be rental/investment property with a high vacancy rate.
Any of these distressed properties could be repaired by a new owner with sufficient financial strength and imagination. These purchase opportunities can very profitable, and these fixable properties are always in high demand.
Our professional assistance can help you identify, purchase, and turn distressed properties into nice, profitable properties.
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