wild life in housePlease BEWARE OF WILDLIFE INHABITING PROPERTY!!!! Home and grounds may be dangerous, please use caution when walking on decks, stairs, interior of property! FIXER home, value in the land! Could be great opportunity for a buyer!

So goes this MLS listing for a fixer-upper in Portland Oregon. It’s a short sale, likely an abandoned property, or a bank repo and at $114,900, I’d say, “buyer beware” – Hope you have all your shots. Raccoons can be quite dangerous and bigger than small dogs.

I’m currently working with a couple of clients looking for power of sale/handyman specials. In both cases, I’ve cautioned and coached them about what they are getting into. There is a lot at stake. This isn’t a TV show where we can get it all shipshape and flip it in an hour.

There was a house we recently saw that had had a major fire. The problems here would likely be structural. I’m not a home inspector but I’ve spent a lot of time with them. We saw another house that was a government repo – proceeds of crime. Was it a grow op? Will there be mold? We never got to ask. The price was so low, houses like those go fast. And so I predict, will this one infested with Oregonian wildlife.

If you’re handy, with the right house you can flip it and make a profit. But you have to know what to look for and you have to buy it almost always without inspection. You have to know what you’re doing.

Related post: Snakes in a house.

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