What condition is the exterior (siding) in?

The rest of the home was kept in good condition for resale.

The rest of the home was kept in good condition for resale.

I doubt any respectable lender will consider a property without electricity and missing breakers as "working" as the property is not habitable in this condition.

This provides an international/affluent tourist pool whom are extremely unlikely to disappear regardless of local economic conditions.

I was looking at nyc buildings website for basement dwelling.I saw the conditions but were confused by 3rd and last bullet (see below).

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

Remove caulk depending on condition could take 1/2 hour.

I used free tools like Zillow and Redfin to come up with a home value, asked him some questions about the condition of the home, made him an offer, and he accepted it.

Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.