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Updated over 8 years ago,

User Stats

125
Posts
36
Votes
Rob Witt
Pro Member
  • Indianola, IA
36
Votes |
125
Posts

Buy and Hold & What to look for, first property in Indiaola, Iowa

Rob Witt
Pro Member
  • Indianola, IA
Posted

So, I noticed that there are four property's (3 are duplexes and one 6 plex) on the MLS. All have tenants. As much as I would like to buy all four, only the 6 plex is offering seller financing (I don't have close to 20% down). However, the 6 plex was up for sale last year and it has been about halfway through the second year of being up for sale. I guess my question is should I find an inspector and try to buy the property or just walk away with out knowing? last year I saw it and my realtor (whom I bought my home through, so no investor thought process) said several people had looked at the property and did not buy it, so I shouldn't either. the other question is if I should look at it what does the process look like? I'll probably have and attorney for the contract to buy should I look at Ken Mcelroy's book for a process? I would post Numbers but I cant upload the Excel sheet.

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