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Updated about 9 years ago on . Most recent reply

Account Closed
  • Fort Washington, MD
1
Votes |
18
Posts

How do you avoid the BS?

Account Closed
  • Fort Washington, MD
Posted
To a seasoned flipper, does anything in this listing stand out to make you shy away or spark interest in this listing? "GREAT OPPORTUNITY FOR THE HOMEOWNER OR THE SAAVY INVESTOR ALIKE . THIS UNIT COULD BE A CASH COW. NEEDS WORK BUT WELL WORTH IT. SOLD AS IS AND THE SELLER NOT MAKE ANY REPAIRS. THIS WILL NOT LAST LONG. CHECK THE COMPS. BUYER IS RESPONSIBLE FOR VERIFYING ZONING AND ANY COSTS INVOLVED WITH SAID INFORMATION. EACH UNIT IS SELF CONTAINED. FENCED BACK YARD. ADD THIS ONE TO YOUR PORTFOLIO TODAY" Of course, sellers list these properties as having all the potential in the world, but I'm not sure how to see through the fluff. I found this property in Baltimore City, MD for $50k. Other houses in the neighborhood list for as high as $449k. Plenty of pictures that show significant amount repairs will be needed, but @ $50k, I'd think I can hire contractors to take care of the repairs (???). Anyway, just want to know if there are any keywords I should look out for in listings like this.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,082
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17,433
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Savy investor = this place is a dump

Buyer responsible for verifying zoning = This is a sfh illegally converted to mfh

Cash cow = money pit that will never make money

This will not last long = this will still be available in 6 months.

Hope that helps you decode the language in this property listing.

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