Moldy MultiFamily Needs Lovin

[Krystin Habighorst]

Revising an offer on a fourplex with 8+ years of deferred maintenance. Main CAPEX from the inspection is mold remediation (entire attic), ALL windows, and very likely the roof.

Concerns: 
Thoughts on how this will affect renting out units after repairs? Target market is lower income, family situations, and these units are at the higher cost end of it. What about resale since it goes on the report? I recognize this will be a high cash situation as financing is doubtful, but I have the finances to do it. Ideas on creative offers? I’m guessing this is a huge surprise and unfeasible cost for the current owner.