The numbers work out, but...

[Julie Ferrier]

I'm looking at a quadplex out of state. I'm in California, the property is in Texas.

I have total faith in the real estate agent, as I have known her for 15 years and trust her judgement. She thinks it looks good and likes the neighborhood, even though it's not the best area. An "in transition" or "up and coming" area.

At the asking price, the numbers work out too, over $100 per door after 20% reserved for CapEx and Vacancy (total, not each).

But... I feel like this is one of those "if it's too good to be true, it probably is" moments. If it cash flows so nicely, why are they selling it? Am I crazy?