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Updated over 4 years ago,
Buying a Multi without being able to see all units
I am currently under contract on a 4 plex in Gardner Ma. They are only allowing me to access about 50% of the units and the basement. I know it is a older home and they sent me repairs needed per a section 8 inspection. They also let me know the porch has to be redone ($18k) and electrical upgrades ($10k). I budgeted $90k in renovation for this project to be safe. I would love to know how people have come up with renovation budgets on rentals when they cannot see the whole house. This is not vacant; three units have people living in them now. No rent is flowing because section 8 cut it off until certain repairs are made
Thanks for your insight!