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Updated almost 10 years ago on . Most recent reply

User Stats

65
Posts
5
Votes
Derone Patterson
  • Investor
  • Philadelphia, PA
5
Votes |
65
Posts

Duplex

Derone Patterson
  • Investor
  • Philadelphia, PA
Posted

I need advice on something. Me and my realtor are in the process of finding me a duplex or triplex as an owner occupier. (first time home buyer) We looked at some houses and one caught my eye. The location was great, the house looks great. I asked the owner why he was selling, and he said he's getting old and he has over 30 properties. "long story short" the tenant down stairs on the first floor is paying $450 in rent when the unit should rent for $600. The owner said she's retired and gets a check every month. He said you can't get a better tenant. The tenant lived there for 24 years. What should I do?  Thanks for reading this

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