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Updated about 4 years ago on . Most recent reply

Ruchik Gandhi's profile image
Ruchik Gandhi's profile image
Ruchik Gandhi
  • Investor
  • from Denville, NJ
  • Member since Feb 12, 2019
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21
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7
Votes
Ruchik Gandhi's profile image
Ruchik Gandhi's profile image
Ruchik Gandhi
  • Investor
  • from Denville, NJ
  • Member since Feb 12, 2019
Connect
Ruchik Gandhi
  • Investor
  • Denville, NJ
7
Votes |
21
Posts
General Landlording & Rental Properties

Purchasing a multifamily with tenant acting as manager

Ruchik Gandhi
  • Investor
  • Denville, NJ
Posted

Hi BP community,

I am considering purchasing a multifamily property with one of the tenants acting as a manager and superintendent for the property. They are on a very low rent so I plan on increasing the rent post purchase in order to sustain the cashflow. Is there anything I should be considering before purchasing the property in this scenario? Your advice is much appreciated.

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