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Updated over 4 years ago, 06/03/2020

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7
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Narr Sunkara
0
Votes |
7
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rental property purchase question

Narr Sunkara
Posted

Hi BP, Im analyzing a rental property using the rental property calculator, The ROI 17% and cashflow came out $250 for a property asking price of 69,000. everything looks fantastic, but I see the property was sold in Dec 2019 for $38,000 and it was sold again in March 2020 for $20,000 ( checked on zillow, source: public record)

Are these red flags ?

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