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Updated almost 5 years ago on . Most recent reply

User Stats

3
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Chris Roberts
  • Rental Property Investor
  • St. Louis, MO
0
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3
Posts

Should I stay or should I go?

Chris Roberts
  • Rental Property Investor
  • St. Louis, MO
Posted

Hey guys, I am a first time investor and am going to house hack. My bid was recently approved for 160k on a 4 unit multi-family in the St Louis Market. After today's inspection, they said the sewer lines would need to be replaced, along with 3/4 electrical boxes. I haven't seen the full report yet, but that's what the inspector said. The price was 160k, with 3/4 units already rented which brings in roughly $1500 total. Im very new to this and want to get opinions on what others would do, so, should I stay or should I go?

Thanks in advance.

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