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!

This is a great little area ,it’s got a lot going for it as mentioned above plus they have started work on the $500 million judicial Centre ,a little east of here towards twin aire and if you’re feeling brave and have good risk tolerance and cash you could look at streets north and south of English near Twin Aire .Good potential there ,it will take time though 

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.

In addition, I also further evaluated rents in that area and unfortunately, I had those a bit too high.