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Updated about 10 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Robert Ehrlich
  • Accountant
  • Pompano Beach, FL
1
Votes |
15
Posts

Advise on a four-plex

Robert Ehrlich
  • Accountant
  • Pompano Beach, FL
Posted

I am looking at a four-plex that is under foreclosure.   I recently walked the property and noticed the following:

A/C units and handlers missing (all units)

Hot Water Heaters missing (all units)

Minor plumbing work in kitchen (1 unit)

Possible Mold (2 units)

I have not see the roof but from looking at the ceiling does not look like any leaks. Asking price 199,000 and was thinking of Offering 150,000. I plan on using my military VA loan no money down and was going to see if I could qualify for 203K. I was going to live in one unit and rent the other three.

Opinions or suggestions??

What is your thoughts? Does anyone

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