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Updated almost 8 years ago on . Most recent reply

Lucas Morgan's profile image
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Lucas Morgan
  • Investor
  • from Saint Paul, Minnesota
  • Member since May 4, 2017
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Lucas Morgan's profile image
Lucas Morgan's profile image
Lucas Morgan
  • Investor
  • from Saint Paul, Minnesota
  • Member since May 4, 2017
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Lucas Morgan
  • Investor
  • Saint Paul, MN
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Real Estate Deal Analysis & Advice

Purchasing a four plex that is currently a group home.

Lucas Morgan
  • Investor
  • Saint Paul, MN
Posted

Hello everyone,

I am putting in an offer on a four plex in the Como area of Saint Paul MN. 

My concern is that 3 of the units are currently rented at a reduced rate of $200-$400 (normal market value easily over $1000) through 2018.

My question is: Will I have any problems transitioning this group home to a normal rental property after 2018?

Thank You!

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