I purchased a property before that had way below market rents that were locked in for a year and after a year I raised those without doing any work and was able to get them to market rent.

But it has happened so many times to folks I've met over the years that I raise it as a possibility. 

Raising the rents, billing back utilities and growing the gross income on the park are all your future opportunities and for you to capitalize on.  

Hello fellow homebuyers,
I recently made an offer on a house with an inspection contingency covering the roof, foundation, electrical, plumbing, backyard fencing, and pest infestation. The house is already occupied b...

It seems like you’re positioning yourself perfectly for that with the 50% rule, 750-hour test, and material participation.When it comes to underwriting multifamily deals, just keep in mind that depreciation is not considered part of operating expenses, but mortgage interest is.

I was raised and lived in Bloomfield majority of my life.

At all of our locations we have raised our rate for all new renters. 

Very familiar w the city as I was born and raised here.Going 20% down conventional w plans to pay it off ASAP as I make over 100k per year after taxes and live well below my means.I hope to rent it out and cash flow as soon as I pay it off.Today during the blue tape walkthrough I identified an issue with the front door.

We have completed 17 syndications and manage assets valued at over $500 Millons Aum, we have raised more than 170 million dollars for syndication.With over $500 million in Multi-Family CRE under management (AUM) and passive investments in over 1.6 billion assets under management (AUM), our experience and resources are substantial.

Take the GC test.