Rare DPLX priced right - Posted by John Merchant
Posted by John Merchant on November 07, 2009 at 10:06:58:
Here in Puget Sound (WA) it’s rare that a duplex is a real buy and I’d say most are overpriced by would-be sellers.
Kristine is right on as you need to really study those numbers to see if it’s workable or not.
And of course learn ALL about the prop, its condition, location, etc.
Take nobody’s word for anything.
I was once hustled by a dentist and his conspiring banker (who was allegedly my friend…right!)on a little motel the dentist (and his banker buddy)was trying to dump.
I insisted on seeing his real numbers; unfortunately for them, his sorry accountant just couldn’t seem to get them together for me so I walked.
Wish I’d been as smart on all the commercial RE i’ve been offered, bought and owned!