What to consider before investing in abandoned property

[cherry123]

Investing in abandoned property as sn investor is good, you can make good profit at the end of the day. But you should consider some things

Consider the location you are buying from and be sure you can make a fast resale

Consider the money you would be selling. Keep it side by side with the money you intend to spend and be sure you would be making a profit or else don't buy

 

[Bisolami]

Investing in abandoned property as sn investor is good, you can make good profit at the end of the day. But you should consider some things

Consider the location you are buying from and be sure you can make a fast resale

Consider the money you would be selling. Keep it side by side with the money you intend to spend and be sure you would be making a profit or else don't buy

The location of the business is very important because you cannot just buy a property in a nonsense area

 

[cherry123]

Yeah the location of the business is what we should focus on when it comes to property buying it is very important because you cannot just buy a property in a bad location

 

[Springtime]

Investing in abandoned property is easier said than done in my area. Apart from the location you should consider, the condition of the property is another concern. If the property is not well maintained, you need to spend a lot of money to renovate it before reselling it at a good price.

 

[Niyi Briggs]

Please you have to find out the history of the building to avoid any complications that might arise in the future.

 

[eldavis]

When it comes to investing in abandoned property, you need to also consider why the property was abandoned in the first place and if it is something you are okay with.

 

[Niyi Briggs]

Talk to some people in the area and find out about the original owners of the property. Speaking to the community head can be useful here.