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Updated about 5 years ago on . Most recent reply

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27
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Alex Tang
4
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27
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Multi-Family Only Sold as Is

Alex Tang
Posted

I've seen a few multi-family listings around the Atlanta area and the listings all state the property will be sold as is.  Is this common in multi-family transactions or is it a red flag?  I do want to add multi-family to the portfolio and the next one would be my first.  Thanks.

Alex

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22
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Dylan Phillips
  • Real Estate Agent
  • Phoenix, AZ
12
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22
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Dylan Phillips
  • Real Estate Agent
  • Phoenix, AZ
Replied

I would say it's not too out of the ordinary. What I would see more as a red flag is if they're not allowing you a due diligence period, or if they are saying you need to put down hard earnest money. 

Have you bought any multi-family in Atlanta before? I may come across some deals from time to time I can send your way. 

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