All Forum Posts by: Sadiq Muhammed

@Walt Dockery Thanks for the advice.

@Peter M. Looked like normal roaches, although I haven’t had the property inspected yet. Clean tenants do not have them on their side, and I am not sure if the dirty tenants have complained to the current owner. I was thinking if I could have an exterminator come quarterly, is it worth it to keep dirty tenants who have lived there 8 years.

@Jill F. Thanks for the advice. Will look into all options before making an offer.

@Steve DellaPelle Thanks for the advice. That was my first thought, but realized that they have been paying on time for 8 years.

I have come across a duplex in a class B area in good shape. Each side has 3 bed rooms, 2 baths. The asking price is $60,000, and each side rents for $650. One side of the unit is rented by a very clean family of 4. The other side is rented by a family of 6. It is very junky, has a bad odor, and I saw numerous roaches. The junky family has rented this property for 8 years. Is this deal as simple as getting an exterminator in every few months, or is there a deeper problem here that threatens the beauty of this deal?

@Tom S. Thanks for the advice, will defiantly look into those options.

@Alyssa Paros Thanks, I have a good partner in mind.

Hi, I am a new investor looking to acquire property. I have been studying like crazy this past year. I came across a great 4 pack deal. Seller is asking 107K for four properties. These properties are currently occupied and rents total $2700. I am stuck now because I am in need of the down payment. My wife and I pre-qualified for an investment loan, but now we are searching ways to come up with the down payment. I have about 80K in equity in my home, but debt to income ratio is not where it need to be. I even asked seller about owner financing. I AM STUCK, PLEASE HELP!!!!