It would be easy to spend more in renovations than what the additional rent would justify.

Along with the pay down of the loan, we have enough equity to refi cash-out and invest in additional properties while continuing to stabilize our current property through increased rents, utility billing back and additional units.Question: Currently, we have an owner-financed loan at 4.6%/20 year 5/1 with a balloon 07/2022.

Putting in $475K taking the current $116K and adding potentially $20K (and the meters would cost an additional $24K up front) would be a 7.5% return on cash.

If we did it would generate about $600 positive cashflow in addition to paying off the mortgage.  

Hi Everyone, Background:I own a tri-plex in los angeles... rent controlled.. one of the tenants lived there when i acquired the property.. his rent is 750.00 - current rate is approx 3k He has full access to the only Garage on the building, an additional parking spot, and a great size yard...

Additionally, a portion of the first floor was observed to be sagging.

I know that area pretty well and this property is a great addition!

Either that or find a lender that will let you keep the separate loans (rather than paying for additional closing costs) and cross collateralize them on a line of credit.

hi everyone,i am in the process of analyzing a duplex, and I've just learned some new info about and I'm wondering what I'm missing about the implications of the following details:-duplex is tenanted already; duplex is priced quite low for the neighborhood, so interior condition is unknown-property is a duplex via an addition. it was originally built as a sfh.

I believe this will drive down their prices as additional A-Class units come online and vacancies creep up.