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Updated almost 8 years ago,

User Stats

16
Posts
1
Votes
Josh Brosius
  • North Tonawanda, NY
1
Votes |
16
Posts

Look for multifamily in foreclosure or stay away?

Josh Brosius
  • North Tonawanda, NY
Posted
I'm 22 years old and looking to buy my first house. I want to buy a multifamily less than 4 units and have the other units help pay mortgage. The question I have is I see duplexes up for sale around 100k but I see foreclosures that need work. I hear foreclosure are cheaper and will always need work. I know that the first one I get is going to be a fixer upper no matter what cause I can't afford the maintained mulitfamilies. Should I look into foreclosure for multifamily or stay away? How do I go about it?