Newbie with potential property

Newbie with potential property

Hi everyone,

I just received Dean's book on Saturday. I am almost through it. However, after cruising on Craigslist, I found a property that seems to good to be true. I need advice about what to ask the owner of this property to make sure I don't jump into something and get burned.

So the details of the property are:
- 0.72 of an Acre
- 3 homes on property zoned retail
- Price $312.000 O.B.O.
- Adjaicent popular daycare chain (soon to be built)
- 1/4 mile from Super Target Development Property

At $312 (unbelievably low), I am wondering if back taxes are owed or some other surprise that might be lurking. Any suggestions on the right questions to ask?

Thanks in advance,


Good advice

Thanks for the suggestions "e"!