All Forum Posts by: Justin Godlewski

A roof isn't as serious as say a missed electrical inspection where walls will have to be opened back up. Start by speaking with your code enforcer or building inspector and I bet then can get it resolved quickly. Mine always get a bad rap, but they're really quite kind and flexible once you speak with them and they know you want to play by the rules.

Thanks you guys for taking the time to respond!

There are a number of duplexes a couple blocks over, but they're all two to three bedroom flats, so I see a two floor side by side with basement for storage and in-unit laundry a huge asset when comparing to units around it. This duplex happens to be surrounded by single family houses.

My first post Bigger Pockets!

I looked at a side by side duplex in a great location this past weekend that can prove to be an excellent cash flowing investment with BRRRR potential! Unfortunately, in person my agent and I were able to see it needed a lot (and I emphasize a lot) more work than was shown in pictures or explained in the description online. Here's my problem:

According to my calculations and accounting for repair costs, I would need to purchase the property for no more than $60,000. Problem is my agent was able to see that the owners still owe $80,000 on their mortgage. Is it worth the time to have my agent draw up an offer to submit for $60,000? Is there ever a chance they would accept a price lower than what they owe? It's in rough enough shape that there are too many repairs for an $80,000 sale. At the same time they just dropped the sale price by $20,000 to $99,500 today. I appreciate your opinions in advance!