Updated over 6 years ago on . Most recent reply
Property with over 50% vacancy
Hello,
A property I am looking it is a 12 plex and currently 7 units are vacant. How do I find out why these units are vacant?
Is it better to stay away from such a deal or purchase a property that is already fully rented?
What is the best strategy to minimize losses from purchasing a property that has substantial vacancy?
The 5 units that are being rented out currently are bringing in around 500-700 a month. However, the sellers are estimating the remaining units will bring in around 1000-1200. The sellers are old and I am assuming they have had their current tenants for some time.
Any help/advice is greatly appreciated!