Updated about 5 years ago on . Most recent reply
Brian GarlingtonPoster
- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
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2 % Rule in Cleveland!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
The inherited long term tenants decided to leave the property because as the new owner I expected the rent to actually be paid on time (or at least close to it). Their previous landlord is someone who they ran roughshod over. I employed a Professional Property manager that really knows what to do and the inherited tenants voluntarily decided to leave the duplex (in bad shape). The duplex ended up needing a lot of work, yet even after rehab costs the duplex actually meets the 4% rule and it's in a "C" neighborhood.
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Michael Swan
#3 Multi-Family and Apartment Investing Contributor
#3 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- San Diego, CA
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Michael Swan#3 Multi-Family and Apartment Investing Contributor
#3 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- San Diego, CA
Way to go Brian!!
Swanny