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Updated over 8 years ago on . Most recent reply

Tony Karns's profile image
Tony Karns's profile image
Tony Karns
  • Investor
  • from Dallas TX
  • Member since May 3, 2017

User Stats

135
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Tony Karns's profile image
Tony Karns's profile image
Tony Karns
  • Investor
  • from Dallas TX
  • Member since May 3, 2017
Tony Karns
  • Investor
  • Dallas TX
9
Votes |
135
Posts
Multi-Family and Apartment Investing

Need Advice on a potential deal

Tony Karns
  • Investor
  • Dallas TX
Posted

I am looking at a deal in Texas that is valued at approximately 500k. Its a duplex, currently leased at 1300/month. I have reached out to the listing agent only to be told that there does not appear to be any Financials or Proforma. What should I do? Should I walk away.  Realtor says seller is motivated.

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    Nick B.'s profile image
    Nick B.'s profile image
    Nick B.
    • Investor
    • from North Richland Hills, Texas
    • Member since Mar 23, 2013

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    Nick B.'s profile image
    Nick B.'s profile image
    Nick B.
    • Investor
    • from North Richland Hills, Texas
    • Member since Mar 23, 2013
    Nick B.
    • Investor
    • North Richland Hills, TX
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    Nick B.
    • Investor
    • North Richland Hills, TX
    Replied

    Bad deal. Negative cash flow

    1 Vote
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