All Forum Posts by: Brandon Forgham

Hi bigger pockets,

Im buying a duplex that i was turned onto by a family member who rents it at the moment. I've done a home inspection and walk through with the inspectors. After inspection i negotiated the price down $1000 and signed the purchase agreement. I am in the process of closing now and got a phone call from my family member stating that there is water coming through a light fixture on the porch, that just started to happen. Can I still negotiate the price down and do a new purchase agreement based on this new info?

Ive looking at up and coming markets and got thinking about how people perceive a market as up and coming. Have you heard of anyone doing this? Specifically buying in one concentrated market and area fixing up a property, increasing rent while attracting better tenants, which in turn bettering that community. Now if you do that with multiple houses on the same street or area can you over time increase your properties value while also increasing your equity?