The other day I saw something from afar that I have never seen before. It was a rental house that goes for only $35 a month. We tried to get a little closer to get a better picture, but the "driveway" had too many large potholes for the small SUV I was riding in. Thinking about it, the house rents per month for less than I would have paid ti rent this SUV for a day. My local contact was afraid to walk up. Don't know why.
The house is part of a large court case that I am working on. Eventually I will need to sell it, probably at auction. Luckily, we also have large tracts of acreage.
What is a $35/mo rental worth?
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
