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Updated about 6 years ago on . Most recent reply

User Stats

38
Posts
18
Votes
Joe Steinheiser
  • Lansdale, PA
18
Votes |
38
Posts

[Calc Review] Help me analyze this deal

Joe Steinheiser
  • Lansdale, PA
Posted

So this property has renters that have been in the house for 29 years!  They want to stay and the seller would like the buyer to let them stay. The rent would be raised to market comparable and so far the current renters are in agreement. The reason I mention is because the maintenance and vacancy percentages are a little low. If they were not to stay I could raise the rent considerably after doing renovations. I ran those numbers and they are even better. Right now with my first deal I want to get my feet wet and let the long time renters stay. what do you think?

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