Multiunit property, not pretty or ideal location

[Chris Cadez]

Going to look at a 4 and 3 unit property today, neither are the prettiest looking properties or in an ideal location . When I run the numbers though, the 4 unit performs amazing on paper. After I look, pending nothing catastrophic that I find during my initial viewing, any tips or suggestions on how to get past a property not being the prettiest looking or in that perfect location? This will be my first property so I think the image of what I thought I’d get for a property doesn’t match up exactly with this.

[Ann Shanley]

@ Chris Cadez. great question!  You can usually fix pretty with some paint and carpet (lipstick)  You cannot fix location.  Who are you going to be attracting as tenants in that location? A deal on paper isn't always reality.  If so, why hasn't it sold already?  What is the history of occupancy?  Do your due diligence...good luck!