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Updated almost 5 years ago on . Most recent reply

User Stats

227
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35
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Jonathan Perez
  • Realtor
  • Jacksonville, FL
35
Votes |
227
Posts

Is buying a multi family 2-4 units renovated a bad idea?

Jonathan Perez
  • Realtor
  • Jacksonville, FL
Posted

I was just wondering, a lot of the duplexes in my area ( Columbia,SC ) I’m seeing are already renovated, some in decent locations.

Because they are renovated tho it’s harder to low ball it or get it discounted and it would leave no value add opportunity for me.

So should I or can it make sense to buy a 2-4 unit property that is renovated? If so what other things should I be looking at and considering?

Most Popular Reply

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6,241
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3,800
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

If it offers a good rate of return go ahead, but don't lowball just to lowball otherwise you are wasting everyone's time, if the market supports their price they don't need to sell to you, if not then they deserve to be lowballed.

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