~140 lot park (Ohio) at sheriff sale. Out of my price range, how to find partners?


#1

Just found the listing by going through county sheriff sales. Sale is on November 30th. Just a quick count on google maps shows about 140 lots 34 empty. Streetview is not available, however I can drive over and through it easily. I would like to hear ideas on how to finance it, or I would need to find partners for it.

Obviously this is all pending on determining the value of the park. From what I can currently find (quick search) the park is city water sewer (individually metered) and lot rent is $228.

Looking forward to hearing everyone’s comments. Especially with the sale date pending.


#2

What are the terms of a foreclosure sale in OH?


#3

At the price it would be $10k due at the sale and closing within 30 days is typical.


#4

That would be extremely difficult to get DD and loan conditions completed.


#5

I sent you a private message.


#6

Adam -

Please PM details on the available park. We may have interest in acquiring or a JV.

Thanks!

Nick


#8

What do you think the value is?


#9

The property sold at auction