Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

4
Posts
0
Votes
Scott Packard
0
Votes |
4
Posts

Purchase of vacant 4 unit...

Scott Packard
Posted

Have had rental units for 10+ years, although the first 10 were not really active.  Had a good duplex that we were able to just sit back and collect rent, changed tenants over 4 times between the two units in the 10 years.  Been almost too easy, only one issue when a tenant left, she was there and had about $2500 to get it turned over for new tenants.

Now I'm closing in on retirement and looking at picking up a few more units before then to supplement income.  Looking primarily cash flow as there isn't a whole lot of appreciation in our area as we are in a pretty economically depressed area without a whole lot of upside in the near future.  

Currently looking at a 4 unit, REO. It has been vacant for 3 years, with gas and water off for the past year, but electric is on. We've got the major things on our radar: roof, flooring, furnaces, bathrooms, appliances, etc... Anything that anyone can give for advice on something that we may be overlooking as an unexpected expense in the rehab?

Loading replies...