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Updated about 7 years ago,

User Stats

19
Posts
3
Votes
Ken Seveur
  • Baltimore, MD
3
Votes |
19
Posts

Is this a good deal?

Ken Seveur
  • Baltimore, MD
Posted

Hello BP fam. this is my first post as I'm a certified newbie. I'm learning how to evaluate deals and wanted a bit of help from the community. I'm not worried about "losing a deal" as I'm a couple months away from having finances available to deal. The property is located here: http://www.baltimorewholesalehouses.com/?cat=46&su... On the surface it is fully renovated, occupied lessee, neighborhood is not good, but not the worst, great positive cash flow, asking price is around 40% of market value (I'm figuring 90k). What am I missing here?  

Do you all believe this is a good buy/hold deal?

What questions would you ask if you're unsure?

Why is this priced as such?

Just to be clear, I'm not soliciting a deal or partnership, or financing, or anything. I'm just wanting some insight on a listing such as this one.

Thanks alot. 

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