Tommy Dobczyk explores the USDA Deal Room website and finds shockingly few listings: only about twelve farm and ranch properties total. He examines a Kentucky foreclosure with an estimated value of $50,000, a current government bid of $33,000, and 100 square feet of livable space across 4 bedrooms and 1 bathroom.
Chapters
Are you coming to The Deal Room? That website, right, where they only have literally for farm and rancher was only what, 12 listings? So right here we got 2, 4, 9, 13, 14, 15 right there for the single family. So these, that's literally all that's on the market right now. There's your market. Oh, let's go look at what they got in Kentucky. There's 2 of them in Kentucky. So these are 2 foreclosures. Oh, that looks like a pretty cool little house. I like the roof on it. So let's click on it. I like the roof bonus. That's all I like. An open house will not be held. Property may be made available for viewing on case-by-case basis. Appointment only. The sale is held at courthouse. Estimated value is $50K. So they've got a government bid on it right now for $33,000. So says that it's got a livable area of 100 square foot, 4 beds, 4 rooms, 2 bed, 1 bath, uh, 43 years old, on a septic. So sold as is, all the good stuff. Get one picture of it. Boom. And that was probably on the best day it ever had, right? So go back to our list over there.