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Updated over 6 years ago,
FSBO Multiple Duplex in Lafayette, Indiana
Hey all, I've recently been searching around for deals in Lafayette, Indiana and came across this FSBO (For Sale By Owner) property that is actually 3 duplexes on the same street. I'm looking to acquire my first deal and I want it to be a House Hack. I'd prefer to buy just one of these duplexes to start out because it would be easier to obtain financially. When I contact the owner, what questions should I ask about the property? I already have come up with questions such as:
1) Would you be interested in selling just one of the properties?
2) If not, why are you looking to sell them all? (I'm hoping to build rapport with this question and potentially be able to help solve his problem, if possible)
3) Are all the units occupied?
4) What is the current condition of these duplexes?
Since I will be attending graduate school upon acquiring this first deal, I'm looking to find more of a turnkey property to both have experience with a first deal and also to utilize a creative method of paying for rent during school, I just won't have the time that I'd like to do hefty renovations.
Any and all suggestions would help! Thanks.