Landlord might be selling duplex, how can I buy it?
Hello BP,
I live in a duplex in San Clemente, CA and last week a Notice to Enter was left on our door. On it, it says the owners will have an inspection and appraisal done in two weeks.
I have been analyzing small multi units in town and intend to invest in one soon. Ideally I would stay here if the numbers look good and house hack it but also open to wholesaling it.
Having the knowledge that the house might go on the market soon, what is the best way to approach the situation...? Be present for the appraisal and ask questions? Talk to the owners/property management company? What are some good questions to ask. (I am a noob)
Also, what is the best strategy for raising funds on a small mutil family? Hard Money then BRRRR? Conventional Loan? House hack (3.5% down) or would it be wise to bring this to a cash buyer and wholesale it? Where would I start in that scenario too?
Any and all advice welcome.
Thank you!