Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago on . Most recent reply

User Stats

4
Posts
3
Votes
Angela Smith
  • Investor
  • Chicago, IL
3
Votes |
4
Posts

Newbie in Chicago

Angela Smith
  • Investor
  • Chicago, IL
Posted

I need some advice community. I am new to REI. I have an opportunity to purchase a 2 unit. The owner has a free and clear title. she has a lien for $6800 water bill from city of Chicago and $13k for property taxes that she is paying on. The value for property based on Trulia and zilloe $178k I went to look at the property. Squanders stole everything that could be stolen. The property needs rewiring through out. Its look like it need new plumbing through out. Looks like a lot of cosmetic. we don't have experience. Should we make a offer or pass it up. Please help with some experience advice. this is new. I would hate to make the wrong decision because of a lack of experience/fear. Im limited on resources.Thank you Bp f

Loading replies...