I hope I'm doing this correctly. Thank you in advance.
3-unit apartment complex
Asking Price = $119,500 (I easily understand that this is way too high)
Total Monthly Rents = $1,235
Using the 2% rule, I would need ...
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Seeing wide spread rent reductions while 2-3 units buildings are selling at $600-700k. What’s the catch? 3bed/1bed only going for $1800/month and 2bed/1bed is around $1400/month…
A note: I own the home, live upstairs, and rent the lower apartment.
I hired a contractor to replace some windows, and and repair the damaged frames. I gave my tenant a 30 day heads up on the repairs, I then gave...