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Updated about 10 years ago,
Advise on a four-plex
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