http://www.realtorsbaltimore.com/gbbr_scope.php
I’m a realtor/investor who is interested in buying an inexpensive
house in Baltimore and fixing it up. A lot of the inexpensive houses
are SCOPE.
Let’s take one in particular-
A Vacant Property in Baltimore
MLS ID# XXXXXXX
This listing is brokered by: A Brokerage Real Estate, Inc.
Office (410)000-0000
I called the listing broker and was informed that this house, and all
SCOPE properties, cannot be bought as an investment. They have to be
bought by owner-occupants, people that will live in the home. That
counts me out right away! I want to be able to use the property as an
office and also to rent out a room or two.
Also, the buyer only has eighteen months to rehab the
property. When I buy a property, I want to be able to rehab it at my
own pace. I want to be able to take the time to do it right, to get
lots of estimates on each phase of the rehab process. I don’t want to
be hurried!
If the idea of SCOPE is to get vacant properties fixed up and
non-vacant, to put these stipulations on investor/rehabbers is
counter-productive.
Regards,
JB
