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Updated over 3 years ago,
Vacant Multiplex Good or Bad?
Hey everyone, I am still very new at this but I have an opportunity to buy a Triplex property. It was owned by my spouse's grandfather. They were living on the main floor, the 2nd level is vacant for a longtime now and their son was living on the 3rd floor rent free.
My question is how will this affect the bank evaluation of the property since they can't rely on previous rent? Will it be harder to get financing since their is no income?
Also is this good for me to rehab and refinance?
What are your guys thoughts? Anything in particular I should look out for?
Thanks everyone,
Alex