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Updated over 6 years ago, 08/12/2018

User Stats

60
Posts
7
Votes
Bruce Harding
7
Votes |
60
Posts

Advice on a Sticking Point On A Deal

Bruce Harding
Posted

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 ?

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