Was browsing the BP marketplace listings and came across this https://www.biggerpockets.com/real-estate-listings/2-family-turn-key-rental-property-seller-finance
That's nearly 5% cash flow and the rents don't seem to match up with the Rochester market. Is this a scam?
@Brandon Tritt I don't know the owner or the tenants so I am not in a position to call this a scam. I will say that amount of rent for a 2 bed in that area is WELL above market rate. Its possible the listing may be inaccurate indicating $1,200 per side, that may be the total for both units.
If you are considering that property include a healthy budget for vacancy and maintenance. Good luck!
Somethings not right. Square footage is incorrect and no way is that pulling $1200 a unit for 2BR/1BA units in that area.
That listing is not accurate. If you follow the link listed it says the Upper is renting at 550, down for 595.