DOM as sign of a bad deal?

[Alison Michel]

Hi investors,

There's a multiunit I'm interested in, and for which I am able to make the numbers work, but it's been on the market for 150+ days. Does this mean my numbers are wrong and it's a bad deal? It's an active market; why wouldn't someone have bought it?

Thanks,

Alison

[Jacob A.]

If I see a house that's been on the market for a long time the first thought in my mind is "There's an opportunity to low ball the crap out of this offer." Don't immediately dismiss it. Do your due diligence if you think you might like it, figure out your max offer price and go for it. You never know what someone will say until you ask.