WT015: Pillar 1 of 7 - Home Capacity
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How to Get a Mortgage on a Deelict Property
An old lady had lived there, she'd died in it and didn't have any close friends or family. She'd never looked after the property for a very long time so it was in a really bad state. But O'Brena saw potential because it had originally been two properties that she'd knocked through. He negotiated about 60 grand off the asking price - not many people wanted to buy such a derelict property. So by leveraging the equity in our home at the time, we put the mortgage on it,. which was enough to buy these two houses and buy it for cash. It enabled me to do a deal that I wouldn't have normally been able to do unless I knew
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