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Updated over 5 years ago on . Most recent reply

User Stats

48
Posts
8
Votes
Lorenzo Smith
  • Investor
  • Kansas City, MO
8
Votes |
48
Posts

how to write up 4 plex

Lorenzo Smith
  • Investor
  • Kansas City, MO
Posted

I am writing an offer on a 4plex in a cul de sac of 4plexes the area is good however each unit is individually owned with no hoa dues so the lot is in need of repair. this unit is completely vacant but two unit can be up running with minimal effort. The unit are huge 1 bed rooms with a huge hall leading to bath room. my thoughts are to shorten the hall way to use for bed room space then divide the one bed room into 2 in each unit. the basement is huge as well I see great potential to add even more value. I ve been approved for hard money to place an offer and I will be working on it today.

I looking for advice on how I might write this deal up Iv never done multi not sure of what contingencies to add .

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