TRICKY INVESTMENT OPPORTUNITY

[Akiewole Williams]

I have an odd situation I am currently looking to invest in. This property that has been on the market for close to a year.  It has 7 bedrooms and 4 baths, all it needs is a little cosmentic work nothing major.  It great potential for an abnb or just a good wondering a property at this level of potential other investors in my area haven't taken action on it.  Maybe its a sign to stay away, why would a beauty like this sit for so long?  Any ideas?

[Chris T.]

A man's trash could be another man's treasure. You could see the potential whereas most cannot. 

Is this your first investment property? if so, pick the brains of some local investors.

Is this a SFH? if so it sounds like a huge house. Depending on the area, if the neighborhood houses are smaller and typical 3/2 and 3/1. That could be a reason why it's not selling.

You also want to check into the local rental/zoning laws. Some municipality has restricts on airbnb rentals and/or limit the no of strangers living in 1 house.