What's the catch, buy and hold in Charlotte

[Bram Spiero]

Hi, I'm completely new at this and trying to learn how to analyze deals.

Ideally I'd like to make my first deal in the next 6 months.

I'm basically trying to get my feet wet, go through the entire process so that I understand it better and get a concrete understanding of what I don't know.

To that end I would appreciate it if you could help me analyze this deal for practice.

The property seems to be under market price, cash flow seems to be positive. If I want to make a small investment on my first property, what is the catch?

http://www.zillow.com/homedetails/5803-Hunting-Rid...

Thanks in advance!

[Jim Sokoloff]

Zillow Zestimates are crap. Market prices are what properties are actually selling for, not what some website with no skin in the game zestimates they are worth...

C sold for $23K 18 months ago, and B sold for $11K about 14 months ago.

http://www.zillow.com/homedetails/5803-Hunting-Rid...

http://www.zillow.com/homedetails/5803-Hunting-Rid...

HOA fee being so high is what's keeping the price of these units so low, IMO.