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Updated over 4 years ago on . Most recent reply

User Stats

164
Posts
114
Votes
Michael A.
  • Investor
  • Richmond, VA
114
Votes |
164
Posts

Why do you like/dislike quads?

Michael A.
  • Investor
  • Richmond, VA
Posted

Hi All,

After a year of hell I remain undeterred in my quest to expand my rental portfolio. After dealing only with SFH I am eyeing a quad of studios. Wondering if you can share your quad horror stories in general.

As an aside, the property is in a C neighborhood, should remain flat-ish in value for the near future, but fits my strategy of cash flow well. I’m hoping I can acquire for $299k w/ 20% down, and a rent of $3,000/mo per current occupancy. Building is in good shape - no major repairs. Water is not metered separately, so I either have to add sub meters and hope I get paid or just pay for it myself which seems unwise.

Hope this finds everyone well - thanks in advance for the conversation.

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