So I had a property popped up on me and then copy and pasted all the numbers but was missing a little information. I then went to the assessment website to get that information. When finish with the report it had a 4.5% Cash on cash and some other soft numbers.
Before leaving I wanted to see the whole tax history if paid or not and then it happened.......I found a huge mistake in the listing taxes by a factor of 7. Going back to the report and fixing the numbers reviled much better income and cash on cash.
I am really think this was the major factor in the property not selling very fast.
Any thoughts? I just put a huge guess in on the rehab cost of about 30k. How badly off do you thing I am?