Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Real Estate Deal Analysis & Advice
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 about 10 years ago on . Most recent reply

User Stats

353
Posts
52
Votes
Reggie Maggard
  • Blue Springs, MO
52
Votes |
353
Posts

2nd deal first multi

Reggie Maggard
  • Blue Springs, MO
Posted

Im looking at buying a 4 plex. Asking price is 229k. A little outdated by appears to be in good condition. Realtor says they could get 725/unit. Currently they have 3 rented and all are on a month to month basis.  I think the tenants are paying sub 600 rents (awaiting the email on some of this info). Its a good location. 3 levels so in my mind you need to be young. Appliances but no washers and dryers. IDK history of roof and hvac yet? Property taxes are about 3700. Its close to my house and I plan to manage myself.

What do I do with tenants that are longterm and not paying market rent rates?

Is this a good deal?

Loading replies...