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Updated over 4 years ago on . Most recent reply

Devan R.'s profile image
Devan R.'s profile image
Devan R.
  • Specialist
  • from Fort Lauderdale, Florida
  • Member since Feb 22, 2014
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52
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Devan R.'s profile image
Devan R.'s profile image
Devan R.
  • Specialist
  • from Fort Lauderdale, Florida
  • Member since Feb 22, 2014
Connect
Devan R.
  • Specialist
  • Fort Lauderdale, FL
3
Votes |
52
Posts
Buying & Selling Real Estate

Quad Plex Deal - Off Market Deal

Devan R.
  • Specialist
  • Fort Lauderdale, FL
Posted

We have opportunity to purchase a quad plex for 455k. It’s a off market deal. I believe this is a whole sale deal so no inspections allowed per seller. Tenants in all 4 units. 1 owner since house built in 1975. Roof replaced in 2013. 2 newly A/C units. Rent under value averaging 4800 gross a year but market value is 60k. Is it normal for no inspection on whole sale deal? I see it as great opportunity but huge risk

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