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Updated over 4 years ago on . Most recent reply
Multifamily inspection questions
I have the opportunity to purchase a 1930's (4 unit) multi-family for around $30K. The building currently has a significant roof leak. I estimate the rehab costs to be around $100k and post-rehab price a little shy of $200k. I plan to refinance it after the rehab.
Who can I hire to inspect it and ensure that there isn't some terminal problem that I am not seeing? Foundation, structural, termites etc?
Is there a smart way to tie my initial inspection in with a bank, perhaps leaving me with a checklist of necessary repairs for financing?
Most Popular Reply

For this type of situation, I hire licensed people: roofer, electrician, plumber, hvac, mason, and if you really want to cover your asset, an engineer. Then you will know from contractors who actually do that work what problems you might/will face, as well as getting estimates for the work.
Good luck.
PS: Check with building/zoning/licensing/permits in the municipality the subject property is situated.