Sketchy Property, but Good potential return

[Deonte Hill]

Found a property listed on the MLS for a cheap amount. Agent is saying that I can inspect the outside of the property but cannot look on the inside. Surely this has to be a red flag? Has anyone found themselves in this situation before?

[Dave Skow]

@Deonte Hill-  thanks ...trust your instinct ....yes - massive red flag . unless you have unlimited cash to  address  unlimited issues - be wary 

[Mose Gebremeskel]

The way I see it. Are you prepared for the worst just to buy something cheap? It might be more of a headache than potential. 

[Jake Baker]

@Deonte Hill

red flag.

[V.G Jason]

You bid land value. You make markets for these folks, and capture upside.

The real value is in the land, is it in a good area in Houston?