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Updated over 3 years ago,

Mike Adams's profile image
Mike Adams's profile image
Mike Adams
  • from Port Chester, NY
  • Member since Jun 11, 2016
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209
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156
Votes
Mike Adams's profile image
Mike Adams's profile image
Mike Adams
  • from Port Chester, NY
  • Member since Jun 11, 2016
Connect
Mike Adams
  • Port Chester, NY
156
Votes |
209
Posts
Buying & Selling Real Estate

Financing for a 4-plex with under-market rents

Mike Adams
  • Port Chester, NY
Posted
Looking at a 4-plex that has been owned by the same family since the 80s. Market rate rents are around 2k a month per unit. They are currently charging around 860 a month per unit. The asking price is 700k. Any suggestions on how to make this work? 
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