Buying Underperforming Rental properties?

[John Alosio]

Has anyone ever willingly purchased a Dog?

Were you able to turn it around?

I’m considering shooting for the business model of picking up underperforming properties from landlords/investors who have bigger and better things to worry about.

Often I hear about investors “cutting their losses”. Getting rid of their dogs to keep their capital moving.

My frame of thinking is, One man’s trash is another man’s treasure.

Do you feel like this is a dangerous field to get into? Am I asking for headaches?

I realize that I’d have to scrutinize each deal for potential value-add opportunities. But it sounds like a great way to market to investors who actually want the help. I could relieve their burdens. Win-Win?

Any thoughts on this approach?