Foreclosed and Distressed Investment Properties in Marrakech, Morocco
Marrakech, located in the central-western part of Morocco, sites at the foot of the Atlas Mountains, and is world famous historic city with a world renowned name, often related to early Hollywood films.
Marrakech receives millions of visitors each year, many of them tourists, with the luxury end of the market supporting rental demand for high-end homes, villas and apartments for long and short-term lets.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.