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Updated about 5 years ago on . Most recent reply

Pedro Bartolomei's profile image
Pedro Bartolomei's profile image
Pedro Bartolomei
  • Rental Property Investor
  • from Deer Park, NY
  • Member since Jan 21, 2020
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64
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15
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Pedro Bartolomei's profile image
Pedro Bartolomei's profile image
Pedro Bartolomei
  • Rental Property Investor
  • from Deer Park, NY
  • Member since Jan 21, 2020
Connect
Pedro Bartolomei
  • Rental Property Investor
  • Deer Park, NY
15
Votes |
64
Posts
Buying & Selling Real Estate

Why does this deal sound fishy?

Pedro Bartolomei
  • Rental Property Investor
  • Deer Park, NY
Posted

Found a listing on redfin for 225k . Its a legal 2 family home that needs a complete gut . Seller bought it 150 k 6 months ago to flip it but according to agent the seller wants to move on to bigger and better deals and wants to get rid of it . Arv on the home is 450 k so the seller is potentially walking away from a 150k profit . Seems fishy to me . Any thoughts?

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