Articles For Aspiring & Active Real Estate Investors
Abandoned properties can be found in nearly every city across the nation and their low cost is making them increasingly popular with investors. More than 16 million homes—nearly 1 in 10 American homes in all—were classified as ”vacant” in the 2020 census.
Abandoned properties are typically homes near foreclosure or under some other severe financial distress. To be considered abandoned, the owner must have vacated the property and decidedly given up rights to ownership. With no occupants, these homes often fall into serious disrepair. This makes abandoned homes attractive to investors looking for a deal, but an eyesore for neighborhoods and communities.
Locating abandoned properties, determining whether a property would actually make a good investment, and understanding how to buy and locate abandoned homes are all important considerations if you plan to include these properties in your real estate investment strategy.