Update on the Creepiest Property Ever! What Should We do With It?

I bought this property a few months ago and we are finally making some progress. It has about 18,000 square feet and I bought the building for $150,000! It was a great deal but there is usually a reason why big properties like this are super cheap. It is in a small town and it has been vacant for many years.

I also bought the property next to it for $23,000! It was a brick building that has major structural problems. It is also the cheapest property I have ever bought. You can see it here: https://www.youtube.com/watch?v=cTbbHBfgvkE

We are making progress on the property and since I shot this video we have fixed many of the brick problems. I will post a picture on the community page so you can some of the progress!

This is one of the, if not the creepiest property I have ever been in and then I made the smart choice to buy it! The creepy parts are the two basements (I still have not been in one of those basements) and the three 2nd stories. Some of these areas have not been used for decades.

I took some of the town managers into the basement a while back and some of them would not spend more than a few seconds down there before escaping to safety. It is huge and dark, and weird. I am not one who believes in ghosts but that basement and the building, in general, feels wrong lol. I am not sure how to describe it.

We do have someone who is working on the properties now and we should at least have this one cleaned out soon and then the roof fixed and we will decide how much to do at that point. It could be a really cool property but it will take some work to get there! Many of the windows have been boarded up or covered up with stucco and it would be nice to open all of those back up and turn the building into a money maker.

Here is what the property looked like when I first bought it.

https://www.youtube.com/watch?v=t371BXGhtio&t=1128s

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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9
Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs.
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Видео Update on the Creepiest Property Ever! What Should We do With It? канала InvestFourMore Real Estate