Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Nehal Ahmed

Nehal Ahmed has started 1 posts and replied 4 times.

Post: Rental Market vs Actual Rent

Nehal AhmedPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 4
  • Votes 0

@Colleen F. Absolutely! I tend to look at properties bordering the Hudson River opposite of midtown Manhattan since the transportation and commuting options in the area are the main drivers. There are less vacant properties in the area which makes the model results stand on opposites sides of the spectrum. Your insight is much appreciated!

Post: Rental Market vs Actual Rent

Nehal AhmedPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 4
  • Votes 0

@Darius Ogloza thank you for your input! It definitely is a matter of time and experience to be able to find that rent $ sweet spot assumption. Added input from fellow investors and their experience serves as guidance for those new to the game. Much appreciated!

Post: Rental Market vs Actual Rent

Nehal AhmedPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 4
  • Votes 0

@Colleen F. Makes sense but it just makes it difficult to run numbers using market rent during COVID due to the variance being so high and it being even harder since evictions are nearly impossible right now. Thanks for the feedback Colleen!

Post: Rental Market vs Actual Rent

Nehal AhmedPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 4
  • Votes 0

When running my numbers, I’ve run into this issue a couple of times. The actual rent is either much higher or lower than the rental market in that area. Which numbers do you go with in this situation to see if this is a viable property?