Where our readers ask, and we try to answer:
Is there any upside at all to purchasing a 2 unit building with protected tenants?
We’re looking at a 2 unit in Noe Valley at the moment.
Thanks for any insight you can provide.
Osho, thanks for the question. We’re going to have to start providing a full legal disclosure that states something to the effect of if you turn around and purchase this two unit based off our advice and it turns out to have more downside than upside, you won’t come back and sue us.
Without knowing more of the details of which property it is, your future plans with it, are you purchasing alone or with a partner, are you purchasing as investment or owner occupier, etc., etc., it’s hard to say. The short answer…yes, there is upside, but you need to know your sh*t, and you need to contact someone like Andy Sirkin or Goldstein, Gellman, Melbostad, Gibson & Harris, LLP. That’s a start, at least. Good luck.
Maybe our Stammtisch can provide some further insight for you.
–Tenant Evictions Brochure [G3MH, LLP]