Distressed properties are properties that are in need of repair or renovation and are often sold at a discount. They can be a great investment opportunity for those who are willing to put in the work to fix them up. However, there are some things to keep in mind before you buy a distressed property.
First, it is important to do your research and make sure that you understand the potential costs of repairing the property. You should also factor in the time and effort that it will take to complete the repairs. It is also important to be aware of any potential environmental hazards that may be associated with the property.