These are pictures of a listing I have in North Richmond, Ca. I have 2 there and both of them were vitims of arson, "copper" robbery and severe vandalism last weekend, Feb. 9-10. The police were notified, or sherriff rather, and I met with the fire inspectors today. I took pictures of the neighborhood for myself. I was thinking about sending them to our governor so that he could see how bad it is there. I don't want to call the news because I'm afraid if I get a story in, it might make matters worse for the area. I'm still shaken. I feel so bad for this area and my sellers.
This is a 203k hands down. I would suggest having a 'feasibility analysis' to determine the cost to cure, take your after improved value estimate, less the cost to cure and you have your new listing price. Advertise it as a 203k special. This is assuming that you want to sell it "as is". The loan closes, you get paid, then the work begins and your hands are free of this property while the work is being completed. Let me know if you need some recommendations on lenders, consultants. or any other of the teammates. With these two listings you are definately a 203k teammate... the one with the properties. I was part of about 80 teams in Northern CA and can easily hook you up with some great team players to help you move these properties. Good Luck. BTW your letters won't do much good as there are too many headaches for them... you will be fine.
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