All Forum Posts by: Ryan Smallegan

I am looking at buying a condo in a development that was foreclosed on and is being rezoned for single family homes. There were only 2 condo units developed in this neighborhood of approx 50 available lots. I have heard warnings about making sure the title is in good shape or no bank with touch it but I have to be honest, I don't full understand what non warrantable means. It is currently still listed as 2 pieces of property (it is a 2 unit condo/duplex) What are the questions I should be asking of the seller regarding the status of the property?

Thanks!
-Ryan

Thanks guys, this is a good start for me to go on. I will post more deal details if I decide to pursue it further!

Hello All,

I am new to multi-unit rentals. I have done single family homes but I know that with more tenants come more trouble. The deal I am currently looking at is as follows:

9 Unit House with rental income totaling $5150/mo (at current pricing with current tenants)

They are asking $300k which doesn't seem too terrible.

Any input into this deal or into rental a multi-unit older house would be greatly appreciated!

Thanks,
Ryan