Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 about 8 years ago,

User Stats

331
Posts
277
Votes
Erik Hitzelberger
Pro Member
  • Investor
  • Louisville, KY
277
Votes |
331
Posts

Provide guidance or Caveat Emptor?

Erik Hitzelberger
Pro Member
  • Investor
  • Louisville, KY
Posted

BP provides a platform for investors to share knowledge and to conduct deals.  Many (especially newer) investors often ask for help in evaluating deals.  My question is do you ever provide answers to the unasked questions?  Specifically, do you comment on posted deals that are not deals because of information that may not be obvious to the buyer?  Should we do so or is due diligence entirely up to the Buyer?  Here's a couple of examples..

1) The ARV and/or provided comps are significantly incorrect.

2) The property has a stigma that is publicly known, but isn't advertised.  (I recently saw a house posted in a neighborhood that had 5 murders in the last 6 months.  The Buyer had no idea how tough the area was). 

3) The property has non-conforming features that a buyer may not be aware of.  An example would be one or more "bedrooms" in a basement that could not be legally classified as bedrooms at resale. 

Everyone has different goals, rehab costs, standards for livability,etc.  So, I see no reason to get involved at that level.  But, are we obligated to help others properly evaluate risk or are we obligated to not interfere?   

  • Erik Hitzelberger
  • Loading replies...