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So ive been searching and saving for a house for a while and a couple weeks ago I toured a 5 unit apartment. It is in good shape and has passed all inspections done by the seller who hired a 3rd party. I am a young guy (25) and am thinking about going in on it. It is a bit more than I would like to spend but at the same time I guess I dont need a whole house to my self. The property is currently bringing in 3250 a month and that is with one unit it unoccupied. Which would basically be where I would live. There are currently 4 tenants in there now and the seller will actively seek a new tenant until closing if sold. What do yall think?
Yes, there is typically an unholy alliance between some real estate folks and inspectors.What the last two guys said. Its not uncommon for realtors, investors, and inspectors to have friendly relationships. They scratch each others backs more than you'd think. Spending a few hundred bucks on an impartial inspector could save you thousands later.
So ive been searching and saving for a house for a while and a couple weeks ago I toured a 5 unit apartment. It is in good shape and has passed all inspections done by the seller who hired a 3rd party. I am a young guy (25) and am thinking about going in on it. It is a bit more than I would like to spend but at the same time I guess I dont need a whole house to my self. The property is currently bringing in 3250 a month and that is with one unit it unoccupied. Which would basically be where I would live. There are currently 4 tenants in there now and the seller will actively seek a new tenant until closing if sold. What do yall think?
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