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Updated almost 9 years ago on . Most recent reply
How to spot a good deal for buy and hold in Baltimore
I have a question for my buy and hold folks.
I see all the time landlords trying to sell their properties and stating that the property will generate x dollars in cash flow.
I am curious because if the property is generating cash flow why would one want to sell at a discount especially when the ARV is high.
I am starting out myself and want to know how do you spot a good deal vs someone who is looking to get out of a bad situation.
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- Rental Property Investor
- Baltimore County Maryland and Tampa Florida
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They get tired of landlording. Tired of bad tenants (that they don't screen properly) or it's just too rough an area. They are not truly honest about the income. Things like that. Always research (due diligence) the area of a property yourself and never take the info that's presented in the ad as accurate or true. Once you confirm the info, you just might have a great deal on your hands. You get a cash-flowing property. A tired landlord rids of his problem.