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Updated almost 7 years ago on . Most recent reply

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13
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2
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Jessie Creighton
  • Gorham, ME
2
Votes |
13
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Maine Landlords- help what do you think

Jessie Creighton
  • Gorham, ME
Posted

Hi all,

To Maine landlords property managers and anyone else who may have an opinion- I would love to hear yours! I am about to buy a duplex, counter offer is in- the problem is the numbers don't work until after the rent is eventually raised.

Windham more rural part, each 1 bedrooms, each SMALL 600 sqft- however everything is clean and updated. If heat were included, would 1050 per unit be unreasonably high? I am not trying to be skeevy and rents are currently MUCH lower than this. Let's also put it out there that I have no idea what I'm doing.

Lay it on me!

Much appreciated,

Jessie

Most Popular Reply

User Stats

51
Posts
26
Votes
Brett Jones
  • Investor
  • Ellsworth, ME
26
Votes |
51
Posts
Brett Jones
  • Investor
  • Ellsworth, ME
Replied

If the lot was produce from larger lot via a formal subdivision, your idea to divide and sell land may not be possible. Also, town specific ordinances (min require lot sizes, min required upland vs wetland, etc) may make dividing the lot impossible.

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