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Updated almost 12 years ago on . Most recent reply

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15
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2
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Granison Johnson
  • Real Estate Investor
  • Chambersburg, PA
2
Votes |
15
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Looking to retire from landlording

Granison Johnson
  • Real Estate Investor
  • Chambersburg, PA
Posted

I am getting ready to meet a woman that is looking to get out of the landlord roll. She is entering her 60s and only wants to manage a smaller amout of properties. From the records I have dug up on one of the property, She bought it for $80k in 2005.
Duplex
ARV $95k
Income $16800
cap is 17%

I feel the rents are a little above average for the area.
$1400 vs. 1$1300

I will be back after the visit on thursday for any advice.

Most Popular Reply

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4,081
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1,596
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George P.
  • Property Manager
  • Livonia, MI
1,596
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4,081
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George P.
  • Property Manager
  • Livonia, MI
Replied

ok.

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