Buying a multi family when you can’t view the entire home.

[David Martinez]

Hey everyone, I am a first time buyer about to go and look at a few properties this week. I am liking to buy a multi family triplex or 4 unit. One home I will be viewing is a 4 unit with 3 of ten already rented. All units have been renovated. One unit is available for showing and is the same as the rest. I was wondering if anyone had any advice or tips when dealing with this situation. Do you typically put your bid in for less to be safe,  judging that there may be more work to be done? Any advice isn’t much appreciated, thank you!

[Chris Mason]

Originally posted by @David Martinez:

Hey everyone, I am a first time buyer about to go and look at a few properties this week. I am liking to buy a multi family triplex or 4 unit. One home I will be viewing is a 4 unit with 3 of ten already rented. All units have been renovated. One unit is available for showing and is the same as the rest. I was wondering if anyone had any advice or tips when dealing with this situation. Do you typically put your bid in for less to be safe,  judging that there may be more work to be done? Any advice isn’t much appreciated, thank you!

 You play it nice until it's under contract, meaning you go ahead and assume everything in the other 3 units is just as good as the one you can view, among other things.

Then, during your inspection contingency, you go view it to confirm your friendly assumptions... or learn that they were too friendly and you need to renegotiate.