A Short Guide to Buying Distressed Assets
If you’re thinking about entering the real estate investment business, you’re probably looking for real estate with an asking price lower than its market value. These properties are referred to as ‘distressed assets’. Often, a property becomes ‘distressed’ due to its deteriorating condition. In other cases, properties may be sold at a discount due to the owner’s financial situation. The question is: how do you determine whether a distressed asset is a bargain or a burden in disguise?
