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Updated almost 6 years ago on . Most recent reply
What is the deal with these $6000 properties in the marketplace?
I see properties listed for 5 or 6 thousand dollars with a 100% Cap rate etc....
Is this a scam?
Why wouldn't everyone buy these right away?
Obviously, I'm new. can someone please explain this situation to me.. Thanks
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Jay Hinrichs
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Professional Services
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Originally posted by @George Lambrakis:
Thanks
that one in B ham is in the roughest area of town. for example. there is a reason houses get priced like that.. generally out of area investor takes risks on them and then end up dumping them when they realize they bought a money pit and the tenant base is so hard to manage.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners