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81
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Nicholas Patrick
  • Cincinnati, OH
24
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81
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Something wrong with property? A few questions inside.

Nicholas Patrick
  • Cincinnati, OH
Posted

Never purchased real estate before. 

If a multi-family deal has been on the market for over 20 days is it safe to say that it's not really a deal?

Should it be a red flag that the person is selling even though the building is full, and they claim to be receiving positive cash flow?

Most Popular Reply

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2,639
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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
1,784
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2,639
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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
Replied

My best deal came from a house that was on the market a long time. It was a flip, not a rental. I called and found out there was concrete issues scaring people off. After some due diligence I submitted a low offer and it got accepted. Made close to $80k profit on the house!

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