Updated almost 2 years ago on . Most recent reply
Seller finance w/rent 20% below market
Running numbers on a quadplex (this would be my 1st property) a 2…2b1b & 2...1b1b via seller finance. All 4 units are rented month to month right now! Rents are at $500 on all 4 units… market rents are average $700…. 3 of the 4 tenants have been there for years! I would increase rents slowly. Should I ask only to make principal payments for a few months or take the small cash flow $70 a month till I can get the rents up??