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Updated over 6 years ago, 08/12/2018
Advice on a Sticking Point On A Deal
Looking at a mutlifamily with over 20 units. Last roofed and sided in 1996.
Owner asking for a certain price but I found out the roof will probably last another 5 years at best.
Class C property would generate $50K year NO.
Would be taking a non recourse 5 or 6 year interest only mortgage loan on property.
If owner does not provide concession looks to me like I would have to walk on the deal ?