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Updated about 4 years ago on . Most recent reply

User Stats

23
Posts
2
Votes
Mohamed Mahmoud
  • Lender
  • Mississauga, ON
2
Votes |
23
Posts

Buying an apartment with roaches

Mohamed Mahmoud
  • Lender
  • Mississauga, ON
Posted

Hey Bigger Pockets nation,

So I'm currently renting a condo apartment, and the landlord is considering selling and approached us as potential buyers.

The neighborhood is growing with a couple of developments coming in. I believe it's a good market for appreciation.

My wife and I are thinking of buying it, moving out (for work related reasons) and renting this unit out.

However, we have been struggling with roaches for a few months now. We tried everything to eradicate the problem, but they still seem to keep coming.

That being said, would it be a good idea to buy, knowing that this might cause a problem to future tenants?

How would this affect rental rates and vacancy rates?

Thanks in advance!

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