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Updated over 4 years ago on . Most recent reply

User Stats

28
Posts
22
Votes
Jeromy Jordan
  • Real Estate Agent
  • Biloxi, MS
22
Votes |
28
Posts

Would you buy a property from a slumlord?

Jeromy Jordan
  • Real Estate Agent
  • Biloxi, MS
Posted

Hi BP Community,

I think I found a good duplex to purchase for house hacking that works number wise. This will be my first investment so I am trying to make sure it goes well to set me up for future investments. I discovered that the current owner has numerous complaints filed against him from tenants and it paints a vivid picture of him being a slumlord(numerous of post are saying don't do business with this guy!). One of the units appear to be in decent shape but the other unit needs some work. I don't want to purchase something and find out months down the rode that it has a ton of problems that were never disclosed and covered up.

Would you buy a property from a previous bad owner?

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