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Updated almost 3 years ago, 03/05/2022

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18
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3
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Oscar Almonte
3
Votes |
18
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How do you solve rent discrepancies when buying rental properties

Oscar Almonte
Posted

Hi Newbie here,

I am looking at properties but the rents are 5 to 9 hundred below market on some properties. The issue is how do you get rents up to market with tenants in place. I am a newbie and cannot take a hit by raising rents and having these tenants getting pissed trashing the place and leaving. A double whammy.  If I buy at a certain price with these rents I will be losing money.  Is it just best to keep it moving?

Thank you,

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