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Updated about 8 years ago on . Most recent reply

User Stats

38
Posts
25
Votes
Ron Read
  • Las Vegas, NV
25
Votes |
38
Posts

Is an empty parking lot on a multi-family a red-flag?

Ron Read
  • Las Vegas, NV
Posted

Seller claims 6 of 7 units are rented, but none of the pictures in his listing show a single car in the parking lot.  I'd expect no-matter the time of day this shouldn't be the case.  Am I paranoid?  Should I even waste the 90 minutes it would take to drive out and check out the neighborhood for myself?  The deal looks 'okay' but not fantastic if all his numbers are right,  which doesn't leave a lot of room for error.

Most Popular Reply

User Stats

1,187
Posts
1,733
Votes
Ryan Murdock
  • Rental Property Investor
  • Austin, TX
1,733
Votes |
1,187
Posts
Ryan Murdock
  • Rental Property Investor
  • Austin, TX
ModeratorReplied

Either:

1. Everyone is at work.

2. It's a C/D class property and everybody is home but none of them have cars.

3. The place is vacant.

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