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Updated almost 4 years ago on . Most recent reply

User Stats

36
Posts
7
Votes
Sean Byrd
  • Real Estate Consultant
  • Miami FL
7
Votes |
36
Posts

Buy A QuadPlex with NO seller's disclosure

Sean Byrd
  • Real Estate Consultant
  • Miami FL
Posted

I'm looking to buy a quad/four plex on the market in Austin TX. The property will be purchased at 750K, but I will only place 5K into the deal at the end of closing and etc. I'm slightly worried about the "As Is" terms and the seller NOT providing a Seller Disclosure. Is there any advice about this deal I need to know. I'm know it will be hard to find out "why" the seller does not want to disclose any information, but besides a home inspection is a good option for me. Do you think I should leave the deal alone due to no seller's disclosure? 

Sent Respectfully 

Most Popular Reply

User Stats

317
Posts
256
Votes
Stephen Stokes
  • Rental Property Investor
  • Austin, TX
256
Votes |
317
Posts
Stephen Stokes
  • Rental Property Investor
  • Austin, TX
Replied

Four unit dwellings do not require sellers disclosure so any seller completing a sellers disclosure is just opening themselves up for more lability in the sale. Many sellers of these units are not able to complete an SD because they have never been to the property (out of state or otherwise absentee owners). 


How on earth are you only putting $5k into this deal? 

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