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.
General Landlording & Rental Properties
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 over 5 years ago,

User Stats

61
Posts
16
Votes
Garrett Blanchard
Pro Member
  • Rental Property Investor
  • Rutland, VT
16
Votes |
61
Posts

Thoughts on this possible purchase

Garrett Blanchard
Pro Member
  • Rental Property Investor
  • Rutland, VT
Posted

Looking to purchase 6 units. It is (2) 3 unit residential units. 120k cost. Approx $12k/yr taxes and water/sewer. All utilities paid by tenants except water/sewer. Currently all units rented with Long term tenants without leases, but no back rent owed. All 6 units could be raised $100/mo minimum as they haven’t been raised in years. Monthly gross income is $3275. (5) 2bd/1 bath and (1) 2bd/2 bath. I know the current owner. They have owned the property along with other properties in the area for many years. The family is just ready to move on from this particular property because honestly no one wants it anymore and everyone else has their own lives that they want to focus on. On paper and in my mind this is a smoking deal and I should jump on it. Just looking for other opinions about the deal.

  • Garrett Blanchard
  • Loading replies...