Updated about 4 years ago on . Most recent reply
Property Price History
New to real estate-still setting money management systems into place while learning property analysis equations and market realities. My goal for my family of 3 is to house hack in Lake Worth, Florida or nearby area within the next 1-2 years. The prices are very high here. So, I'm looking into potentially seeking out off market deals-looking to try to piece the backstory of properties.
As I research properties in the Palm Beach Property Appraiser website, I am seeing a lot of cases where the price was listed at $10 for several consecutive 'sales' am I right to assume this means the owner 'sold' it to a family member? What else might this indicate?
It seems like there are a lot of LLCs that own duplexes in my target area and I'm just hoping to be able to find one that's willing to sell.
Interestingly, one major owner of duplexes I would love to house hack in is a local restauranteur with a very popular waterfront spot. He buys them for his employees to rent-I wonder if there might be a way to approach him-maybe if we guarantee to keep rent at a certain level for his employee in one unit??