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Updated almost 11 years ago,
"Financeability"
I've got a three plex I am looking at that is $44k and generates $1800 in gross income monthly. Long term tenants.
The person selling is a wholesaler and rehabber, not a landlord. The plex is in need of deferred maintenance to the tune of $5k. The subject property is on the bad side of town. Will a bank touch this?