Does anyone know what are some concerns that I should take into consideration before making an offer on a property that has been, according to the agent, vacant for many years?

The main concern that lenders have is that the property will again end up in default.

I've spoken to three people I have met through this site that have been "back-doored" by some people and one of the newbies I met from here, caused me to be cut out of my own deal because of inexperience, lack of knowledge, and their inability to say so.

ROI without appreciation: -24.11%Cash on cash: -8.20%I know Zillow.com is not an accurate barometer, but it has the property valued at ~$160,000, and comps put it in the $150K range on a per square foot basis.This seems like a good deal to me because of the discounted purchase price, but the negative numbers in the analysis concern me very much.Advice, thoughts, concerns???

Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow?

As it happens, I am very concerned about my tenants - many Sec 8 voucher holders reside at my building and several of them are model tenants.

But be careful cause there are just as many companies that believe they should make as much as they can get away with.

Probably could either lease or flip with little concern and decent return.

If the $1600 is covered with adequate return on the down stroke and the condo is ready to go (move-in condition) and the neighborhood bodes well for appreciation what is the concern?

Even if the material only inspires you to do something different that could be good enough.In comparison to what most people watch on TV I would not be all that concerned about many of the seminar folks.