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Updated over 6 years ago on . Most recent reply

Luis Leiva's profile image
Luis Leiva's profile image
Luis Leiva
  • Residential Real Estate Broker
  • from Scotch Plains, NJ
  • Member since Jan 17, 2008
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User Stats

26
Posts
1
Votes
Luis Leiva's profile image
Luis Leiva's profile image
Luis Leiva
  • Residential Real Estate Broker
  • from Scotch Plains, NJ
  • Member since Jan 17, 2008
Connect
Luis Leiva
  • Residential Real Estate Broker
  • Scotch Plains, NJ
1
Votes |
26
Posts
General Landlording & Rental Properties

Is a room in house a good investment?

Luis Leiva
  • Residential Real Estate Broker
  • Scotch Plains, NJ
Posted

I have the opportunity to buy 3 room in houses (33 total units) that are in a good town and in great shape. The properties are totally renovated and have about a 12 cap. I am a seasoned investor but I have 0 experience with room in houses. I am worried about constant turnover or high vacancy rates. If anyone can add some insight, I would deeply appreciate it! Thank you

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