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Updated over 6 years ago,

DJ Cummins's profile image
DJ Cummins's profile image
DJ Cummins
  • Rental Property Investor
  • from Bethalto, IL
  • Member since Aug 14, 2014
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User Stats

319
Posts
103
Votes
DJ Cummins's profile image
DJ Cummins's profile image
DJ Cummins
  • Rental Property Investor
  • from Bethalto, IL
  • Member since Aug 14, 2014
Connect
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts
Real Estate Deal Analysis & Advice

Please talk me out of offering on a car wash in a sketchy area

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted
Hey all, I have a chance to purchase a car wash for about $.30 on the dollar. It’s in a bad area. The McDonald’s next door has closed because it was robbed several times in the past year. Cash flow according to the past 3 years of tax returns would be an ROI of around 45-50%. Please talk me out of it. Thanks, DJ
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