Dustin Schaefer
Seeking advice about 8unit apart deal analysis. Any thoughts?
Hey Bigger Pockets!Looking to get some advice on an 8 unit apartment building that I'm looking at purchasing. Here are the numbers:Current asking price: 680,000Rent: Monthly Rent: $5,585. AVG MO Rent/unit: 700. Annu...
Julie Macd
How much can you raise the rent at one time
Hi everyone, This is officially my first post on Bigger Pockets though I have been following all the site quietly for a few weeks.I own a SFH which has had the same tenant since May 2011. When he moved in, the rent w...
Jamar Lockwood
Raising Rent on rental property
Hi BPI'm in the process of purchasing a rental property in Cleveland Heights, OH. The tenant is currently paying below market rent. Their current lease says I can terminate lease with 60 day notice. Am I able to raise...
Victoria Silva
How long should we ask tenants to sign a lease for our rental property?
Wondering if my husband and I should ask for more than a one year lease for our duplex...both units are now occupied... for a 1 year lease...but should we ask for a 2 year lease instead?Thank youVictoria
Cheza M.
Should I raise rent or keep it as is to keep a tenant?
Hi all,
I have a tenant who's in a month-to-month lease and I'm trying to raise the rent next month by $50 more ($1,200 to $1,250) which is, in my opinion, a reasonable price based on the comps around the area. My PM...
Thomas Quinn
Newbie needs help analyzing Duplex in a trendy area
Asking price is $310,000 on a duplex. Each unit has 3br 2.5 baths. Rental income is $3000 a month, getting a conventional loan with 10% down. No HOA, taxes about $2000 a year, price is about $117 psf, comps in area g...
Jeffrey Zhang
Building an ADU or buy a triplex
Hi, I'm facing two options: build an ADU or buy a triplex.
ADU of 1200sqft, 3bed 2bath
cost: $250k~$300k
appreciation: not sure. the value of existing SFR is $550k, 1100sqft.
collecting rent: $3000/month
Tr...
David Woz
Tax Sticker shock/ How to value a Duplex
I have a Duplex in Fort Worth near the TCU area. It is on the edge of the residential area that is "good" and the more sketchy part of Fort Worth. The particular area has tons of Single Family, apartments and comme...
Mark Beekman
How much net profit to be worth it?
An 8 unit rental building for $255,000. Mortgage is $1600/month. Taking into consideration any repairs, maintenance, and unexpected vacancies, what would I need to be netting from rentals each month in order for the d...
Clint Williams
Apartment Building Upgrades = Increase Value?...Not Always
So should you update or upgrade your apartment building to get ready for sale? This is a can be a tricky decision to make because there are several factors involved. If you just want your building to look pretty again...