Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

38
Posts
22
Votes
Marcellus P McKinley
22
Votes |
38
Posts

MLS data missing for house. Is this normal?

Marcellus P McKinley
Posted

Morning y'all!  

So I've been starting to analyze a few properties to buy my first small multifamily, and I noticed something odd about one in particular. It's a 4-unit located in SE Virginia with an asking price of $125K. It's been on the market for quite a while, so I think I can negotiate a lot lower. Based on median rent in the area, I think I could make pretty decent cash flow, depending on repairs and such. The problem is... there's a LOT of missing information. No square footage, no lot size, and odd tax data. Annual taxes are extremely low for the area (anywhere really!), and I have a few questions: 

  • Is it normal to be missing a lot of things in the MLS entry for a house?
  • Should I be making any inferences about that (i.e., this is a good buy, bad buy, etc.) ?
  • How should I approach this in the future?

Thanks in advance for the help! This community truly has been great so far.

  • Marcellus P McKinley
  • Most Popular Reply

    User Stats

    278
    Posts
    100
    Votes
    Derek Diamond
    • Real Estate Agent
    • Steamboat Springs, CO
    100
    Votes |
    278
    Posts
    Derek Diamond
    • Real Estate Agent
    • Steamboat Springs, CO
    Replied

    @Marcellus P McKinley

    Hey Marcellus! That is weird how much is missing. Sometimes, I will see a few key pieces of information missing but not normally that much. Red flags. There are a bunch of steps when listing a property. The family tells the agent. The agent puts the info in the MLS. Then Zillow and sites like that pull the data down and sent it out. There can be a lot that goes wrong in every step. An agent could add an extra zero to the square feet. Or the family might have inherited the property from a passed relative and know nothing about it. There are so many reasons. If you have a go to agent I would reach out to them and see if they could do some digging because agents should be ale to get a bit more info than you are seeing.

    Loading replies...