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Updated over 3 years ago on . Most recent reply

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24
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4
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Brendan Chase
4
Votes |
24
Posts

Overpay for an adjoining property?

Brendan Chase
Posted

I recently purchased the last two duplexes on a short dead end drive. There is one more at the start of the drive that needs some rehabbing. I got a good deal on the two I purchased as a package, and am in process of rehabbing them before a refinance at the beginning of the year.

I have texted back and forth with the owner of the first duplex and the number he has given me is a bit of an over reach. It is not something I would otherwise ever consider if it weren’t next to the others I own.

My question is whether it makes sense to pay that premium in order to control all the duplexes and have the ability create my own feel for the drive, while not needing to nudge him about keeping his place tidy etc, or worry about splitting road repair costs. (It is a private little road with public sewer and water)

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