Amid the new, glass high-rises and trendy podiums going up in the urban core and beyond are still some hidden gems. Bank distressed homes or apartments that need repairs await the right kind of owner who can add polish and create a comfortable, safe residential experience.
The playing field for distressed property landlords doesn’t include new construction or spruce-ups of recently built properties. Instead, communities that bear the long-term effects of poor maintenance and management practices or those that are ridden with crime can be good investment opportunities. It’s not uncommon for some to be heavily discounted and sell for far less than current value.
Read more...Hidden Gems Await in Distressed Property Market for Multifamily Sector | Property Management Insider
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