My First Investment -
Hi there ... I have an opportunity to buy two homes. Each home is a rental and each homes has (2) units. Currently, there is already (1) tenant in each home. Per the location, other homes in the area are renting between ($850 - $1,100). One home is selling for 94K (Built 1894) and the other home is selling for 115K (Built 1917). Per more research, the other homes in the area are worth much more than what these two homes are selling for ,.. meaning, the home is worth more than it is selling ... Hope that makes sense. The question I have is, "what do most landlords pan out in the responsibilities of the renter?" ... Meaning - what would they be responsible for paying, outside of the rent? ..... What is more appealing for renters ... and will it attracted a better quality of "renter" ... I hope this make sense ...
Thank you
Amalia