rental property purchase question

[Narr Sunkara]

Hi BP, Im analyzing a rental property using the rental property calculator, The ROI 17% and cashflow came out $250 for a property asking price of 69,000. everything looks fantastic, but I see the property was sold in Dec 2019 for $38,000 and it was sold again in March 2020 for $20,000 ( checked on zillow, source: public record)

Are these red flags ?

[Alan C.]

There does seem to be a lot of information missing. You calculated cash flow based on $69,000 and then said the property sold for $38K in December and $20K in March. None of that makes sense to me. Given what you have posted and that you may be relying on the BP calculator to make your investment decision, I think you need a lot more education and connection to investors in your local market.

I’m a full-time wholesaler in the Baltimore-DC area and president of MAREIA, a local investor association. I've seen way too many people jump into their first property without the knowledge they need from people who have investing experience. Feel free to contact me about the Baltimore market.