Comments by "Debany Doombringer" (@debanydoombringer1385) on "" video.

  1.  @deerick3109  That's partially true. When it comes to former rental properties, not so much. The reason is that far too often when a renter is evicted, they destroy the property. I've heard from landlords of renters pouring cement down the drains and toilets so that all the plumbing has to be redone, selling faucets, stripping the wiring, intentionally flooding it, knocking holes in the walls, and breaking all the windows. Also combinations of all of those. Nobody is going to want to buy that and it'll most likely go to auction being sold as is. As is is another red flag that buyers avoid because it means the house has serious issues and can't pass an inspection. The landlords will make a fraction of what the house is worth and still owe the bank for the remainder of the loan. The houses going for over asking are move in ready. I know because I just purchased a home in a very competitive market. All homes that didn't require work were sold within a day or two of hitting the market in a bidding war. The home we purchased needed some work and we bought below asking and appraisal. Edit: We paid $180,000 for the home. It'll take around $10,000-$15,000 to finish the renovation and landscape the yard. After that, we should be able to resell is for $240,000-$260,000.
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