Property #2 for 2020 onto retirement.
Well the one yr trial is over on my 4 unit. Its been a real successful purchase. About 1300.00 a month positive cash flow, haven"t turned over a tenant yet. 2020 is retirement year and I'm now eyeballing a "very nice" 8 unit. They all have C/A and separate furnaces, one car garages......renting for 1150.00 a month. Going to sit with the realtor to pound the number's, but, cant see them coming in at less then 4k a month positive cash flow. With my 4 unit, NOW the 8 unit and SS....income should be "no problem"...oh and keep my wife working ...lol. Only question.....thought about the day i unload this property. Is it possible to develop this into condo's and sell them individually?