With prices for real estate in Big Bear at an all time low, many folks are seriously considering buying a bank owned fixer. On the surface, it seems like a really great idea, and if done correctly, it can be. However, like most things, it is a little more complex than it appears to be. There are many issues that can come up and derail or at least cost more than one would expect. The purpose of this blog post is just to bring up a few things one should think about before you take the plunge. 1. Don’t be greedy. … [Read more...]