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Multi-Family and Apartment Investing

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Rich Somers
Pro Member
  • Investor
  • San Diego, CA
113
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125
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I have a 5 unit under contract and have inspection questions!

Rich Somers
Pro Member
  • Investor
  • San Diego, CA
Posted Mar 7 2019, 16:33

So I currently have a 5 unit Multi family under contract in Louisville, Ky with a 21 day inspection contingency period.  The building is over 100 years old, seems to have somewhat updated plumbing & electrical and seller claims roof was replaced in 2017.  My question is this:  In addition to just the typical home inspection & pest inspection, would it be wise to have a HVAC specialist, plumber, electrician, and roofer come out to dig a little bit more thoroughly into this property?   I plan on flying out there to be present during this inspection, and also intend to have a couple contractors out to the property to give me itemized estimates for the rehab that I intend to do.  To give you guys a better idea of the rehab:  I plan on doing mostly cosmetic items (new cabinets, counter tops, shower, vanity, flooring, appliances, ect.), along with cleaning out the basement to add coin op laundry, additional storage spaces, ect.  

Thanks guys, I look forward to hearing your responses! 

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