I am new to BP. Spending lots of time here for a few months, reading, looking at lots of properties, analyzing deals, studying strategies, and talking to more experienced folks. I would like to ask a few of you for help with a couple of concerns unique to this property.
I want to keep this for long term rental.
It is not a great deal at its current asking price. Of course, I will put in a bid for the price that will make it a great deal. I have run every possible scenario on the calculators, but will try to keep this short, so didn't include here.
It has been on market without sale for 3 yrs. it's rented now and needs some freshening up only. The owners inherited and are uninterested in it.
-this is a large lot with 3 single family homes. Is this a concern when trying to resell a property like this? Is there a reason why buying 3 homes on a single lot is not favorable?
-I suppose it could be subdivided, is there an advantage to do this?
-any recommendations on information/resources specific to where to get the most "bang for buck"for forced appreciation?
Thank you for any thoughts and direction.
