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Updated about 7 years ago,
Is this a good deal?
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.