Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Who knew a $50 Christmas gift might equal a duplex!?!
So I played Santa Claus today and handed out some gifts to those that have been kind enough to answer my questions and begin helping me on my real estate journey. Well turns out when I went by the Realtor's office that I've been working with he invited me to lunch and we discussed a duplex that he currently owns and is going to be putting up for sale next spring. I was blown away that things steered in this direction as he and I have been discussing real estate since the late summer months and he's mentioned this duplex a few different times and has always described it as his "cash cow." I haven't ran any numbers yet, wanted to share, but I am curious what anyone's take would be on a good way to approach the topic of assessing the property? I want to take him at his word about the property, I've known the guy since we were younger, but I don't want to do a disservice to myself by not looking at the inside of the property, I also am concerned of not wanting to step on his toes as I feel blessed to have been even offered this deal. I should preface with we never even discussed going inside the property, purely a concern of mine that I'm probably making too big a deal of as he will likely have no issue with it. Any other thoughts/suggestions/advice is greatly appreciated?
Either way I was merely sharing what happened today just from a pure generosity aspect on my part and how it turned out to possibly be something even bigger. Hope you all are well and have a great Christmas!