All Forum Posts by: Patrick Reagan

Great point,Kyle.Thanks so much!

I've noticed many three family homes have a fourth apartment in the basement and it's considered "illegal", yet many have tenants.What are the problems with having such apartments and what's the worse case scenario for having them? Thank you

I am buying a three family home where all three rents  are well below market rates.The tenants in place have been there for a few years and reportedly all pay on time.Any suggestions how to address the rent increases,which could be as much as three to five hundred dollars each?

With the stock market sell-off,should that favor real estate buyers short term? Or in other words,time to be less aggressive with the offers? Am interested in both single family and multifamily units.

Thanks,guys.Yes,it's in an up and coming area,Newark,NJ.A friend of mine has property in a town considered a much better location and just had to totally renovate one of his units after being trashed by the former resident.I can surely see the increased risk though.

Thanks,Marlen

I would like to hear your best ideas of securing a property in a tough neighborhood when the property is vacant.Thanks

Thank you,Eric!