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Updated about 7 years ago on . Most recent reply

Nicholas Patrick's profile image
Nicholas Patrick's profile image
Nicholas Patrick
  • from Cincinnati, OH
  • Member since Oct 19, 2015
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Nicholas Patrick's profile image
Nicholas Patrick's profile image
Nicholas Patrick
  • from Cincinnati, OH
  • Member since Oct 19, 2015
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Nicholas Patrick
  • Cincinnati, OH
24
Votes |
81
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Starting Out

Something wrong with property? A few questions inside.

Nicholas Patrick
  • Cincinnati, OH
Posted

Never purchased real estate before. 

If a multi-family deal has been on the market for over 20 days is it safe to say that it's not really a deal?

Should it be a red flag that the person is selling even though the building is full, and they claim to be receiving positive cash flow?

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Brian Pulaski's profile image
Brian Pulaski's profile image
Brian Pulaski
  • Flipper/Rehabber
  • from Montgomery, NY
  • Member since Jan 14, 2016
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Brian Pulaski's profile image
Brian Pulaski's profile image
Brian Pulaski
  • Flipper/Rehabber
  • from Montgomery, NY
  • Member since Jan 14, 2016
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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
1,783
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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
Replied

My best deal came from a house that was on the market a long time. It was a flip, not a rental. I called and found out there was concrete issues scaring people off. After some due diligence I submitted a low offer and it got accepted. Made close to $80k profit on the house!

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