If you had to deal with the credit card payments for an additional 6 or 9 months longer than expected, would you be able to afford to hold the property?

You might enjoy 30-Day Stay by Sarah Weaver and Zeona McIntyre to explore that while you learn.

Additionally, targeted support for construction projects helps to alleviate some of the supply shortages, further stabilizing prices and availability.Technological Advancements: A New Frontier in Real EstateThe real estate sector is witnessing a transformative change through technological advancements.

As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.

Documentation should include details regarding the business purpose, total use of the property, specific expenditures, business usage, and dates of expenditures and use.In the absence of such documentation, deductions are vulnerable to disallowance, leading to potential penalties and additional tax liabilities.

@Wencheur Antoin, additional real estate sales books worth considering/reading, "SOLD" and "SKILL" by David Greene, "Fanatical Prospecting" by Jeb Blount, "Ninja Selling" by Larry Kendall, "Never Split The Difference" by Christopher Voss, "Pitch Anything" by Oren Klaff, and "The One Thing" by Gary Keller.

Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low. 

The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month. 

Please contact our Pro Member Concierge @Leah Deminski if you have any additional questions. 

However, keep in mind that there may be additional fees associated with multi-family properties, so make sure to factor these into your budget.