Seeking advice on Investment Strategy

[Gerald Donaire]

Hey BiggerPockets community!

I have received a lead from a motivated seller. I am trying to figure out what kind of investment strategy I should go about this deal. (Stockton, Ca)

It’s a duplex with tenants occupying both units located in a bad quality neighborhood. They do not want to hassle with brokers so they would like to sell off-market, property has been paid off so I would assume they have equity built. Seller has mentioned both units are outdated and poor condition. We have set a time and date to view the property this weekend.

I do have a lender and realtor so financing and legal contracting is not an issue but I have not yet come to them for advice. 

My question is:

How could I generate profit with this off-market duplex in a bad quality neighborhood?

Thank you in advance for your help!

Gerald Donaire