Never thought that I would see prices this low

[Bruce A. King]

Monthly dues will not tell the story.

Look into things like reserves, assessments, occupancy rate and the condition of the stucco cladding, hvac and roofing.

When you buy a multi-family unit you are essentially going into business with the other owners. Very scary idea in my opinion unless you are looking at high dollar property where you can buy better neighbors.

[Andrew Cox]

I've seen a lot of these in the Orlando area. One realtor just told me her office had a listing for a 1500 sq ft condo in the Disney area for $18K.

[Larry D. Kage]

Originally Posted by bking

Monthly dues will not tell the story.

Look into things like reserves, assessments, occupancy rate and the condition of the stucco cladding, hvac and roofing.

When you buy a multi-family unit you are essentially going into business with the other owners. Very scary idea in my opinion unless you are looking at high dollar property where you can buy better neighbors.

Check what Bruce recommends (big ticket items) and look at the minutes of the HOA meetings to see other things are being discussed.

Nothing typically prevents a huge assessment when they need it except not enough owners to pay it.

[Frank Magdefrau]

Originally Posted by gbell

Yes I just found another in the same building for $9,900.

I am looking at the same thing at Ole MIss in Oxford, MS

We are likely to make offers on two units next week.