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Updated over 2 years ago on . Most recent reply

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Timothy Roesch
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Greetings, this is Tim Roesch from Charlottesville, VA; brand new to BP!

Timothy Roesch
Posted

I am an accidental landlord and own four rental properties. Thinking of adding to that, but totally clueless on how to analyze what I currently own. Thinking I might need to cull out one or two current properties before I buy any more. 

Nice to meet you all!

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Timothy Roesch
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Timothy Roesch
Replied

Team:  Here is how I got the properties:

First One: Lived in a Condo in Washington DC area. Was able to keep it when we moved to a house. We moved to Charlottesville VA in 2005 and I did a 1031 exchange in 2007 and bought a duplex near the University of Virginia and rent to college students.

Properties two, three, and four, my wife and I inherited from her father when he passed away in 2021. So, 2022 is the first year of having them for the full year.

Someone mentioned NOI. not sure how to calculate that. that's why I posted, looking for help!!


Thanks everyone for responding!

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