would you buy a duplex from a slumlord?
Hi BP Community,
I think I found a good duplex to purchase for house hacking that works number wise. This will be my first investment so I am trying to make sure it goes well to set me up for future investments. I discovered that the current owner has numerous complaints filed against him from tenants and it paints a vivid picture of him being a slumlord(numerous of post are saying don't do business with this guy!). One of the units appear to be in decent shape but the other unit needs some work. I don't want to purchase something and find out months down the rode that it has a ton of problems that were never disclosed and covered up.
Would you buy a property from a previous bad owner?
Most Popular Reply
YEs! this can be a great opportunity to buy at a discount! just make sure to get an inspection to give you an idea of current maintenance issue and possible future ones.