Multi-family property

[Eli M.]

Dear BP investors,

I am considering to buy a 3-4 family house in northeast Philadelphia, PA.

When you buy a 3-4 family investment property and you are not planning on living in any of the units, in case you would have to sell it, at some point in the future, how hard is it to sell such a property? who are your potential buyers? Would a person who has a good credit history and could afford to buy such property be willing to live in such neighborhood ?

thank you all in advance

[Ceasar Rosas]

@Eli M.

For a 3-4 family, your potential buyer can be either someone who wants an investment property or a live in investor(Househacker). Just keep in mind if you want to sell it to someone who is looking to live in it, 1 unit would have to be delivered vacant at closing. Income and credit do determine whether or not they can get a mortgage. All cash is another option.