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Updated over 5 years ago, 05/28/2019

User Stats

5
Posts
1
Votes
Anastasio J Burak
  • Rental Property Investor
  • Houston, TX
1
Votes |
5
Posts

Option Period Questions

Anastasio J Burak
  • Rental Property Investor
  • Houston, TX
Posted

Hello!

My name is Anastasio Burak I am a first time investor looking to buy a multifamily in Houston to house hack. I have found a property that I am interested in but I need some advice. The property has a completely renovated 2/1 home in the front with 3 units in the back that need some work, not including an efficiency unit that is now vacant. I am going to put an offer in soon but my realtor suggests I do a 14-day option period opposed to a contract with my contingencies. I was wondering which would be the better choice, especially considering that I need the seller to put an attic access in one of the back units in order to obtain an FHA loan and I have not gotten to see the back units yet. Thanks

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