Updated about 9 years ago on . Most recent reply
What advice would you give?
I showed my clients a 4 plex in decent shape. Needs some cosmetic updating. Running the numbers, the property breaks even, which I contend is a no go for purchasing. The listing agent comes back with "You can raise the rent". Yes, you could probably raise the rent $25-$50 a month per unit, but not much more than that.
My question - do you run your calculations on what is or what could be?