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Updated over 7 years ago on . Most recent reply

Moises B.'s profile image
Moises B.'s profile image
Moises B.
  • Investor
  • from Bronxville, NY
  • Member since Jul 4, 2017
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Moises B.'s profile image
Moises B.'s profile image
Moises B.
  • Investor
  • from Bronxville, NY
  • Member since Jul 4, 2017
Connect
Moises B.
  • Investor
  • Bronxville, NY
48
Votes |
101
Posts
Starting Out

Looking for my first investment real property

Moises B.
  • Investor
  • Bronxville, NY
Posted

Hi,

Looking to purchase a property with 2 rental units and a store front on 1st floor. Rent with separate utilities. What threw me off was the current tenants are on month to month lease...? I don't know I've heard of such thing.  Given I purchase the property I'm sure I can have them sign a new yearly lease, no?  Additionally, perhaps convert the store front into an actual unit, given the rehab cost is not significant.

Any help is appreciated. 

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