Updated about 8 years ago on . Most recent reply
I Feel A Little Skeptical
I got a lead on a 4-plex and after doing some research I discovered it has been sold twice in the past 3 years. It looks like a great property and I am about to plug the number in the BP calculator but does that seem a little odd that it has been in 'that many' hands over such a short time? It is a sturdy brick home with 2 recently renovated units. I am going to actually view the units (the unoccupied, renovated units) tomorrow. He also has it listed for a little less than it shows he paid (I don't know how much credit to give Zillow for accuracy on that though). I asked the seller why he wanted to sell and he said it was taking too much time from his business which just seems a little odd since it's being managed by a property management company. I am a newbie so experienced advice is needed.