Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

22
Posts
6
Votes
Tracy C.
6
Votes |
22
Posts

URGENT trying to purchase my 2nd property-Need rent help!

Tracy C.
Posted

Hi I'm new here and have an urgent matter. I'm trying to purchase my 2nd property and the numbers are tighter than I had hoped for. My first property was a commercial property and the deal was a great one. The apprasil came back about 24K then what I paid for it. Now I haven't rented the property yet but did get one offer to rent it that is double my mortgage payment. (Were hoping to rent it for triple of my mortgage payment) I just finished the rehab on it. 

Now I'm struggling to pull the final trigger on my 2nd property which is a residential property in WI. It's 2 houses next to each other. I know what I should be able to get for the rent for one of the properties but not sure on the other. One person is telling me about $900 rent and another is saying it should rent close to $1,200 with all the updates. If I can only get $900 then my numbers are pretty tight. Is there a way I can figure out approx what one of the properties should rent for? 

I would appreciate any help! I'm making a tough decision right now. Thanks, Tracy

Loading replies...