Tip #27: Hairy Properties

Hairy Properties

When purchasing investment property, many investors look for assets that may be distressed, in trouble of have some “hair” on them.

What does a Hairy Property actually mean? The definition of a Hairy Property is one that has the ability to add value, but needs work to bring up to speed.

There are some investors that prefer a very simple cash producing property, while doing little to no improvements on the space.

However, some investors prefer to take on a property in trouble or with some “hair”. Generally, these property offers a little more risk, but a lot more return.

Types of Hairy Properties 

• Distressed assets
• SRO properties
• Foreclosures
• Properties without a legal C/O
• Properties with violations

If you are looking for a hairy property or one with some upside, please contact us at garayrealestate@gmail.com