Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Should I buy this 4-unit?
Hey BP community! I have an opportunity to buy a 4-unit that is owned by a fellow firefighter's father. He is a veteran REI and has owned this building for 20 years and wants to cash out to buy more real estate out of state.
How should I go about this to figure out if this is going to be a good deal?
There are some long term tenants but the property could use some updates to commandeer higher rent. I have still yet to go look at the property and I’m going to have lunch with the owner to talk and find out more about the property.
I’m good friends and a coworker with the owner’s son and have a good relationship with the owner as an acquaintance.
Any insight on how to navigate this is greatly appreciated!
Thanks, everyone!
Most Popular Reply

Thanks for the solid advice, Kalen!