too many houses for sale on the same street

too many houses for sale on the same street

Investor · Brooklyn, NY · Member since 2014 · 231 posts · 12 votes

Dear BP community,

I was wondering, if i see 3-4 houses for sale on the same street, on the same block, how should i look at it? Is this a good or bad indicator, if i am planning on buying and renting it out on the same street and block?

thank you all in advance, any input would be greatly appreciated !

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  • Real Estate Investor · Harvey, LA · Member since 2015 · 119 posts · 80 votes
    11y

    what street? Maybe its a good time to buy. Get the most desperate seller to sell low, then comp against the other guys.

  • Rental Property Investor · philadelphia, PA · Member since 2011 · 143 posts · 20 votes
    11y

    It could be something wrong like drug activity, new company air pollution and etc. 

    It could also be one of their neighbors have sold at a high number and their looking for the same results.

    You really just have to dig deeper. Because if you can't see it on the surface you won't know unless you have  inside information.

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