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Updated almost 6 years ago on .

User Stats

33
Posts
7
Votes
Ryan Kawash
  • Manhattan, NY
7
Votes |
33
Posts

Buying a short-sale multifamily

Ryan Kawash
  • Manhattan, NY
Posted

Hi guys, quick question, I have a property I’m very interested in, in NJ.  It’s a duplex that is detached, and according to the bigger pockets rental property calculator, it’s got very good returns.  The listing agent has told me today it’s a short sale.  Can you guys give me insight on short sales?  Is it a good thing to buy a short sale of a bad thing?  One of the units has been completely renovated, and the other needs some work.