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Updated over 10 years ago on . Most recent reply
Why are they selling?
Hello all. This may be a silly question but I'll ask anyway. I'm still in the early stages of planning my business but so far have decided that I am going to own multi-family properties and rent them. My dilema is this- every time I find a duplex that interest me (good price, already has tenants, etc.), I can't help to wonder why it is being sold which generally scares me away. Are they selling because there is a pending catastrophic, structural deficiency? Are they selling because they know something about the market that I don't? Does anyone else ever experience this? If so, how do you overcome it?
Most Popular Reply

In looking over a prospective purchase there is always the question
of what you are adding to the equation. Are you a better Manager than the
owner? Are you able to bring an "under-capitalized" project up to par with
your resources? Is there a difference in background and/or experience that
will allow you to operate to better advantage?
One factor of being successful in investing is sorting out you strengths and
limitations. Most Deals" shape-up" or " shake-out" after applying this
type of consideration. The Best Deals are always going to be where you
can clearly bring more vitality to a listing with favorable Price and Terms.
Best for Success ! Bob Brubaker