Posted by Fox-IL on December 08, 2000 at 17:25:09:
Thanks for the advice. Strangely enough, today at the office, I received a call from a friend who has an uncle who wants sell his 4 flat building. It is bringing in more than the 2 flat I was looking at initially. The uncle is HIGHLY MOTIVATED and is DEFINITELY willing to do a creative deal. He’s willing to accept NO MONEY DOWN and pay closing costs. The only repair work needed is new windows. We will be getting together tomorrow to talk about the details. I will keep your advice in mind.
(By the way, the 2 flat turned out to be a major repair project. There’s a coach house that needs to be demolished, etc, etc. I personally don’t want to take on repair projects at this time. In the future, maybe.)