In my experience with HUD homes, I find that the asking price is ridiculously low in order to attract multitudes of potential buyers - a kind of a teaser rate if you will. Once the actually bidding is over, these homes generally sell for a much higher price than most of the bids. Just don't want you to get too excited about that price.... more
A 203k is still a FHA mortgage just a different type. The normal FHA loan is a 203b for move in condition homes. A FHA 203k loan is for homes that need repair and they allow you to wrap the cost of repairs to be done by a FHA certified contractor into the loan.... more
Check with a real estate attorney to see what your options are. Will the sellers pay to mitigate the Radon -- the entire amount, or split it with you? Check with the Radon company to find out just exactly what they found and what the cost would be to mitigate. Depending on the house construction, it may be easy, or not. If the sellers will work with you to get this mitigated, it would be a whole lot cheaper (and less contentious) than litigation. Good luck!... more
Tony I have $35 million in listings for the right investors. anything from a group of single family rentals to large apartment complexes.
Prudential Commercial Realtors
My Team Partner, Doug Bingham, and I have experience in real estate in the Fairborn, Ohio area. Doug has extensive experience in the investor market. We are located at the gates of Wright-Patterson AFB and our company is Wright-Patt Real Estate (no connection to the base). Our firm has over 30 years experience in this area of ohio.
We would love to work with you.
Please call us at:
Wright-Patt Real Estate
21 S. Broad
Fairborn, Ohio 45324