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Updated about 9 years ago,

User Stats

319
Posts
167
Votes
Adrian Stamer
Pro Member
  • Real Estate Investor & Agent
  • Richmond, VA
167
Votes |
319
Posts

Valuing properties with under market rents

Adrian Stamer
Pro Member
  • Real Estate Investor & Agent
  • Richmond, VA
Posted

So I was wondering how to consider a property with severely under market rents. 30-40 units about 35-42% under market. I'm familiar with the area, own multi family in the area etc. Obviously raising rents takes time and at the current price the income is not worth it. But when raised, the deal makes sense after approx a 20% increase

How should I approach this? Thanks

  • Adrian Stamer
  • Loading replies...