Sold for $20k in 2010 and Listed at $250k as a Foreclosure Today! 

barn is cool but so rough

ythere are still are in many areas

It's a foreclosure. They lost everything.

They refinanced it along the way and took a ton of money out of it.

when something happens

@@investfourmore the letter of intent from a burrito chain fell through?

You sure do like to spend other people money. So with this cap, who gets to buy the house? A lottery system?

So they were super nice people for renting it out for 9 years but they didn't want anyone else to be super nice and rent it out?

@@investfourmore where does your money come from again? Do you work hard and get a paycheck? No. You make your money from already having more than others and expecting other people working to pay off your debts.

@@investfourmorerenting a place out that nobody can afford simply for profit isn't super nice. It's super greedy and only super nice to the investors wallet. You really consider over priced rentals as "nice"? Do you not want younger people to ever own a house that isn't ridiculously overpriced? Passing up an extra $50,000... IN CASH... so a younger couple can have a house to call their own is a lot better than selling to an investor with cash to burn. It says a lot about the people who rented only to displaced families, only ever charging through insurance and then sold to a young couple. You trying to belittle them and their generosity says a lot about you too. It says you lack of morality, kindness, empathy and are overall a really crappy human being that doesn't deserve anything less than to have all your properties wrecked by those you take advantage of.

@@investfourmore a lottery system to obtain a house could work under some circumstances. It would be more beneficial to have it come down to who the seller decides who should have it the most and needs it the most instead of who can pay the most. Money would no longer have the power of persuasion. It would come down to the seller and buyer. No more rich people showing up to take a house out from hard working people with less cash because the price is capped to a percentage. My neighbor selling the place turned down cash offers bidding $50,000 over what this young couple was offering. Is that something you are kind enough to even consider?

I am not getting this one

@@investfourmore that's good lol

The seller is a bank. It's in foreclosure

@@mayhem4masses363 The bank is going to ask for an amount in relation to what they foolishly have loaned. Whoever bought it at its low of $20k has already cashed out. The subsequent foreclosed owner found out the hard way that you can't make a business case for buying rental property that will rent for less than its loan payment - maybe they were blinded by the prospect of building it into a multi-unit rental. My guess is that the bank will have to take a substantial discount to sell.

The bank does not consider what was owed at all when pricing properties. I used to sell foreclosures. They do not care one bit.

@@investfourmore Yes, I'm sure that they will price it at what they think it will get - with the goal of at least getting back the outstanding balance if they can. I might be wrong, but if they ask for less than the balance I would think that whoever approved the loan in the last couple of years would be under scrutiny.

@@Thomas63r2 nope. It has zero Influence at all. They get an appraisal and a bpo (broker price opinion) and value it based on those. You can't hold someone accountable from years ago when the market and condition of properties change. This was my job

I did not see any but I am sure they are there!

Very!

why not just get a toilet?