Purchasing multi family home for cash. Is it risky?

[Matt Kistner]

Hello everyone, I am seeking my first investment property and I came across a listing that looks like it could have good returns, however am weary this could be a money trap. Does it raise a red flag when a seller wants a cash deal on a house? The house is listed for 39k and it’s a 3bed by 3 bed duplex. Any insight would be appreciated. Thanks in advance,

[Jay Helms]

@Matt Kistner - @Andrew Johnson is correct. The red flag should be the price of the duplex and most likely the seller is just noting cash only as he know lenders typically won't lend to anything <$50k and he's trying to avoid owner financing. 

 Are you certain it is a legal duplex? :)