Is a 2+ year old listing a red flag for you?

[Alex Chin]

Hello BP,

I'm looking at a couple of properties that meet a lot of the basic criteria that I want for my first potential investment and am starting to dig a little deeper and taking a harder look at them as possible rentals. Both properties handle the 1% and 50% rule nicely which got them on my radar.

I noticed today that both properties have been active listings for 2+ years.

BP Community: what do you think when you run into situations like these? What red-flags would you immediately start looking for to figure out why no one else has jumped in?

[Darrell Shepherd]

Its definitely a red flag, which means opportunity.  

Our job is to find problems we can fix for a profit much like what Michael just described.  Identify the problem, make your offer on your numbers, make sure you do your DD and hope the sellers are frustrated and will take whatever you offer.