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James WisePoster
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New York: Don't Fall for this $29K Duplex Trap
James WisePoster#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
New York: Don't Fall for this $29K Duplex Trap
During the 2,914th episode of The MLS Search & Analysis Show, James Wise breaks down a $29K duplex that looks like a cheap BRRRR opportunity on the surface but falls apart once you factor in the full renovation, roof damage, water issues, mechanicals, lead certification, possible illegal units, zoning problems, and neighborhood ARV limits. New York investors looking to buy out of state need to understand that cheap does not always mean profitable, and some properties are so far gone that the rehab cost will exceed what the neighborhood can support. VIP PLUS Members get full access.
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New York City, New York