Updated over 7 years ago on .
Buying a Tax property
Hello all, I am buying a tax property apartment complex. It is 10 units that need to be renovated. They consist of 2-bed 1-bath (each unit) it is pretty much a re-do. The tax property amount is $6000 for the entire property and rehab is about $40-$50,000. The rent nearby is $600-$650 a unit for 2-bed/1-bath. Its in a rough area however, the area is up and coming. I am wondering If I am missing something. Does this sound like a good deal? Should I be asking more questions? It feels good in my gut to do but then again i'm tired of delaying deals. Any good advice will help!