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Updated over 6 years ago,

User Stats

46
Posts
24
Votes
Travis Kemper
  • Rental Property Investor
  • Glenwood Springs, CO
24
Votes |
46
Posts

Current owner unwilling to provide P&L or pics of inside/ allow

Travis Kemper
  • Rental Property Investor
  • Glenwood Springs, CO
Posted

Hey all,

I'm looking to buy my first multifamily property and I came across a deal that I love the location of, rents are way under market, and I can afford.  Here's the question:  current owner is unwilling to allow look inside or even pictures until in escrow.  This seems fishy, and I am pretty much going to pass on this because it seems like a red flag to me.  But, I am new to real estate and have only looked at a handful of deals at this point so I figured I would ask here.  Is it normal to avoid giving people info?  Doing the math on the rents that I know it seems way overpriced already and with him being unwilling to provide any information I am guessing it is a total wreck inside the homes.  Should I just run and not look back?

Thanks all,

Travis

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