Too many sales a red flag?
A property popped up on the MLS that I'm interested in, but I'm seeing what I think is a red flag. In the past 15 years, it has sold 7 times, not counting 2 foreclosures. It's a duplex in Minneapolis, so easily rentable.
Would this be a red flag to you? Anyone have a guess as to why so many sales may have happened?
Most Popular Reply
Where are you seeing the past sales info and are you sure it's accurate? Websites like Zillow and even county records will sometimes show a "sale" anytime title transfers or for other reasons. It could be
1. An Actual Sale
2. Individual transferring into LLC
3. Co-owners, one passes away
4. Owner refinances
5. Owner takes out a HELOC