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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I inspected #31 a few months back, and I agree that LoneWolf's comments are pretty much on the money. The place certainly needed some time and money spent on it. I no longer have the notes I had written when I was there, but suffice to say it needed a good paint throughout and a number of other...
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Drove past these ones the other day. They don't present too well from the outside, but I guess that is somewhat reflective of the asking price.
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    As we all know, property investment is largely a long term proposition, and that's really the mindset I feel that you have to take with places like Elizabeth. Dissing the area because of it's 'stigma', or otherwise it's undesirable elements, doesn't mean that it will always be that way. While...
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Fair point. I haven't been taking any interest in vacant land prices - was just going on prices for large blocks with established houses.
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Been following this thread for a little while now and thought I'd jump in. Complete subdivision amateur talking here, but the position of the house, as it is, doesn't lend well to subdividing and retaining the existing house. Would either have to relocate or demolish, I think. However, it...
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