Looking to retire from landlording
I am getting ready to meet a woman that is looking to get out of the landlord roll. She is entering her 60s and only wants to manage a smaller amout of properties. From the records I have dug up on one of the property, She bought it for $80k in 2005.
Duplex
ARV $95k
Income $16800
cap is 17%
I feel the rents are a little above average for the area.
$1400 vs. 1$1300
I will be back after the visit on thursday for any advice.