Check out the discussion going on now in the “Real Estate Professionals” section of the City-Data online forum. A reader is excited about an amazing investment opportunity at the 1342 Rutland St. condos in the Heights!
The unit I’m interested in is as of now at $34K. This if from a high of $77.5. Yes wow the suspiciousness of the place even more intriguing.
I’m thinking I could pay cash for the place maybe borrow a little but (family borrow not bank borrow)… finish the interior (it’s not finished) and rent it out for a good monthly rate (good for me that is). It’s in one of the best/trendy/expensive neighborhoods in Houston . So from the steady fall of the price I’m thinking an offer of $25K would be good. That way I could pay it completely and take my time fixing it up for rent… or sale.
Wow, a $77,500 condo for only $25,000! Sounds like a great investment. But then there’s that nagging feeling inside that makes the would-be investor end with this question:
Just how scared should one be entering this building[?]
After the jump: Reader advice!