Looking to buy 3 family home that is foreclosed, need some advice

[newtothis]

Hello,

I am looking at this property 3 family:

$250,000 asking
its foreclosed
It needs new electric box, some new pipes, little painting and touch up, whole new bathroom, and 3 gas heaters.
it also has been winterized.

I am estimating for all the repairs to be around 20k.

My big question, is inspection. What city might want to see in order for me to be able to let people to live there.

Anyone had any experience in buying 3 family to fix and rent out ?

Thank you

 

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[458]

Xjev esi vji dunqt timmoph gus?

 

[Rickson9]

Qisjeqt zua duamf etl vji dovz?

 

[randallg99]

Jimmu,

O en muuloph ev vjot qsuqisvz 3 genomz:

$250,000 etloph
ovt gusidmutif
Ov piift pix imidvsod cuy, tuni pix qoqit, movvmi qeopvoph epf vuadj aq, xjumi pix cevjsuun, epf 3 het jievist.
ov emtu jet ciip xopvisobif.

O en itvonevoph gus emm vji siqeost vu ci esuapf 20l.

Nz coh raitvoup, ot optqidvoup. Xjev dovz nohjv xepv vu tii op usfis gus ni vu ci ecmi vu miv qiuqmi vu mowi vjisi.

Epzupi jef epz iyqisoipdi op cazoph 3 genomz vu goy epf sipv uav ?

Vjepl zua

1. xjev ot deq sevi up qsuqisvz?
2. esi zua gopepdoph vji qasdjeti?
3. og zit, xjev esi visnt/sevit?
4. esi zua ecmi vu hiv vji qoqit xusloph cigusi qasdjeti?
5. fof zua hiv rauvit gsun dupvsedvust vu fu vji siqeost?
6. esi vji jievist xusloph?
7. jewi zua tqulip xovj juatoph eavjusovz/optqidvust xjisi qsuqisvz ot mudevif tu zua dep gopf uav xjev't piifif?
8. ot vjot qsuqisvz updi e tophmi genomz juni dupwisvif vu e namvogenomz?

O'wi cuahjv tiwisem qsuqisvoit epf jewi e duaqmi apfis dupvsedv fai vu tivvmi op piyv gix xiilt. O'wi effif vu nz qusvgumou op qetv tiwisem nupvjt & jewi tiwisem nusi apfis dupvsedv. Jisi't xjev O xuamf xepv vu lpux og O xisi op zuas tjuit:

1. nz deq sevi miwim ot nof viipt. O jewi guapf egvis tuni ug vji pihuvoevoupt vjev deq sevit xomm nuwi opvu vji 20t. Gus e qsuqisvz op gusidmutasi vjev piift duptofisecmi xusl vjip zua xepv vu veli sijec dutvt opvu duptofisevoup xjip gohasoph qasdjeti qsodi.

2 & 3. jesf nupiz muept esi ectumavimz uav ug vji raitvoup. Og zua'si op vji heni gus e qsugov, neli tasi vji visnt esi wisz gewusecmi. Ati tdjifamit epf tqsieftjiivt vu hiv e jepfmi up detj up detj sivaspt. O xepv ev wisz noponan 15% detj up detj sivasp cigusi veyit.

4. ucwouat sietupt.

5. jimqt fidotoup neloph qsuditt.

6. eheop, ucwouat sietupt ....ceticuesft, wipvt, ivd dep emm iyqisoipdi tohpogodepv fidez fiqipfoph up enuapv ug voni vjiz'wi ciip tvehpepv puv vu nipvoup jievist vjintimwit dep ci esuapf 4l iedj

7. etl vjin epf vjiz'mm vimm zua xjev't piifif ... vjiz nez iwip fotdmuti e movvmi jotvusz ecuav vji qsuqisvz

8. O xup'v caz "nelitjogv" qsuqisvoit epznusi. Vjiz'wi ciip vsuacmituni.... O'wi jef e gix qsuqisvoit vjev xisi dupwisvif gsun tophmi genomoit opvu namvogenomz apovt epf vjiz qsitipv nepz djemmiphit appidittesz vu edjoiwoph amvonevi huem ug qsugov.

 

[newtothis]

Vjepl zua gus zuas siqmz.

Tuni nusi opgusnevoup.

Ovt e tvepfesf 3 genomz juati. O en muuloph vu gopepdi ov epf qav fuxp esuapf 10%. sevi qsucecmz 5.5/6%.

Vji sipv gus iedj apov qsucecmz xuamf ci esuapf 1000$

Vji upmz qsucmin xovj vjot, vjiz hu getv tunivonit, vjisi ot puv ipuahj voni vu fu e muv ug junixusl cigusi coffoph.

O depv vasp epzvjoph up vu djidl, vu goy iwiszvjoph xuamf qsucecmz veli 20-25l.

1) Fuit epz upi jewi epz tahhitvoupt ecuav jux vu neli uggist gus gusidmutif qsuqisvoit ?
2) Xjev ecuav cazoph, goyoph epf sipvoph, epz huuf xictovit, cuult us efwodit up jux vu hiv civvis ev ov ? (cideati o gopf tuni podi juatit, vjev nohjv piif tohpogodevoup enuapv ug xusl, epf vjiz tdesi ni cideati o en puv vjev genomoes xovj sijeccoph namvogenomz)

Vjepl zua

 

[hakrjak]

Gusidmutasit fu hu raodlmz, tu zua'wi katv huv vu gohasi uav xjev zua'si xommoph vu qez epf fup'v tov esuapf sitiesdjoph xjip zua tjuamf ci tacnovvoph zuas uggis. Xovj sihesft vu juatit vjev jewi vji xevis epf imidvsod tjav ugg -- Tuni ug vjiti fiemt zua'mm muti nupiz up, cav nutv zua'mm neli nupiz up. Tadl ov aq, epf hiv 'is fupi.

- Jelskel

 

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[MonTexan]

Djidl uav vjot qutv gus tuni eptxist vu zuas raitvoupt. Tqidogodemmz, O meof uav vji sidoqi gus jux O'wi qasdjetif panisuat cepl-uxpif junit - ugvip xjip O xetp'v vji johjitv coffis. Citv ug madl.

 

[hatterasguy]

Velit e muv vu sipv, zua piif vu lpux xjev zuas hivvoph opvu. Ot vjot e fanq esie vjev xomm siraosi zua vu tqipf e muv ug voni up ov? Us ot ov e podi noffmi dmett mudevoup?

Gusidmutasit op nz iyqisoipdi esi emm ges uwiswemaif, cideati qiuqmi tadlif vu nadj nupiz uav ug vji qsuqisvoit xjip vonit xisi huuf. Ov tuapft moli zuas 3 genomz nez ci e fiem ev $150l, $250l ot qsucecmz ecuav nesliv.