First visit to Properties i had hopes for !! Disgusting!

[Inam Rehman]

Hey BPC!

So i have visited two properties today and they were one of my preferred ones based on rents/location etc. Heres what happened:

Property 1:

Listed for +100k so i expected something in great shape!! On the outside i kinda had an idea what i am stepping into .. Porch needed paint job.. could see spider webs on windows. First unit i entered was a DISASTER!!! even disaster wouldnt comprehend what i want to say ! Couldnt even see floor because of dirt .. smallest bedroom ever with dirtiest stuff laying around.. for bathroom i had to ask the tenant "is this working and even in use?" had hairs all over ..moldy wet floor and whole unit had disgusting odor!.. i simply cant say enough about this unit.

Second unit: Sigh of releif had clean hardwood floors.. clean kitchen..clean bedroom (windows had spiders etc but looked fine) ..living roof floor squeaked in few places when stepping on those spots..second bedroom was cleanish ..pantry had HOLE in roof with umbrella being used to contain water leakage.. overall no bad odor etc

Third unit: Clean hardwood floors..cluttered kitchen (but thats not relevant to house itself) bedroom was clean ..bathroom had hole in floor near bathtub and when stepped on it moved downwards and seemed like cant withstand too much weight.. two broken windows but still intact.. had similar hole in one room being used as storage.

Basement was cold and seemed to have moist air.. yellow glue like stuff used to seal around windows and pipes.. very cluttered.

Most of stairs in house squeaked and some felt loose.

Conclusion:

Noway im paying +100k for this i wouldnt even consider this 3 unit but 2 as one of unit was not liveable at all !!!

Property 2:

Listed for +50k Got to see only 1/3 units.

Common entrance was SMELLY as in ALL kind of smells !.. Floor in kitchen was UNEVEN (Had a dip in middle) and same with bathroom and was very obvious uneven floor.. bedroom were all plain ..hardwood floor which needed to be replaced all over !

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So what do i make of all this? Would i find all properties like this in +50k range? Where do i compromise and where i shouldnt ? I dont think i would let my tenants live in place full of bad odor or broken roofs !

Please Help!