After a two year saga that included five failed contracts, my fiance and I just managed to buy this house. It was a double short sale (the owner had two mortgages, both of which had to take a loss), with four tenants, and is in good group-house condition. We think we got a good deal, but what about the commentariat?”
First let me say congrats on your perseverance! Given the location and even if it needs $100k in reno I still think it’s a good deal because of the location and size. Houses that size in Mt. Pleasant regularly go for over $1 million.
What do you guys think?