Updated over 7 years ago on . Most recent reply
buying duplex with bad tennants
i am negotiating an offer to buy a duplex for 288K. cash flow is 3000 a month. but the tenants all have large pets that are destroying the place. there is deferred maintenance including roof replacement. this is in a turning neighborhood. still not quite safe but used to be really bad. should I proceed still or back out?
the last buyer bought it for 232K 7 month ago. he did minimum repair or update to half the units