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Updated over 8 years ago,

User Stats

10
Posts
1
Votes
Lisa S.
  • Investor
  • Salt Lake City, UT
1
Votes |
10
Posts

Need advice on a "methy" problem - fourplex deal

Lisa S.
  • Investor
  • Salt Lake City, UT
Posted

Sorry to jump the forum like this with no history here, but I'm desperate for advice.

I'm under contract to buy a fourplex in salt lake city (hot market), and the inspections have been a little nightmarish. I can still get out, and am wondering if I should.

-One unit is above legal limits for meth and needs remediation. Another unit is borderline.

-Built in 1915, very old wiring in attic ($5,000+ to fix)

-150 square foot addition not on foundation ($5,000+ to fix)

-Portion of sewer line underwater, found by using a camera to inspect the line (? to fix)

Should I walk away or negotiate? How much of a discount should I get?

Thanks in advance!

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