25 Expert Tips for Buying Multifamily Real Estate
9. Inspect the Property for Deferred Maintenance
Derek Christian, Owner & Real Estate Investor, Handyman Connection
Before buying a multifamily, be sure to check the maintenance done on the property and take into account any deferred maintenance. Any deferred maintenance can mean additional cost to you, as you’ll have to be responsible for the repair after you buy the property. You should consider any delayed maintenance and needed repair when you value the property.