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Updated almost 6 years ago on . Most recent reply

User Stats

62
Posts
25
Votes
Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
25
Votes |
62
Posts

How to approach other investors who didn't buy right

Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
Posted

Hey guys!
I am in Kitsap WA and have been digging deep into the tax records and I noticed a large amount of investors from Seattle(an hour ferry ride way) have purchased distressed properties in 2012-2017 but didn't necessarily buy at a number that makes sense when you factor everything in for a flip or even to get it to rental quality.. And so they sit..

Am I jumping the guy buy assuming these are other investors? and now that I have identified the pain point how would you guys approach solving it? 

Thanks again for your time!

Most Popular Reply

User Stats

322
Posts
238
Votes
Marcello Di Gerlando
  • Investor
  • Colorado Springs, CO
238
Votes |
322
Posts
Marcello Di Gerlando
  • Investor
  • Colorado Springs, CO
Replied

@samuel fletcher

You may be jumping the gun . Or maybe assuming to much about how the property is held. Do you know if there are partners? international money? Some kind of tax havens? etc etc I would not necessarily assume the owner is in distress. There may be alot more to the story. Dig deeper and find out more. You may be right. Just be cautious.

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