All Forum Posts by: Jeff Hudak

@Robert Zordan I know of a 3 family in Stamford if you are interested.

@Christian Valencia I have one condo in Stamford and always looking for the next one.

@Zachary Feldman I'm familiar with Plaza Reality on bedford st. Not sure if they do Something like your 4plex, but they do a great job on my condo.

@Alex Heidenreich CoC return after I have all my numbers plugged in. I'm looking fo anything over 25% if I can find it.

He is the story. I am looking at a 4-plex that has 4 tenants paying low rents. Say 800 each. All of the units need to be updated about 8-10k each unit. By doing this I can increase the rents to comps in the area of about 900-950/mo. Purchase Price is around 205k and the ARV is 240-250k after doing the upgrades. I am on the fence with this project because I'm not sure how easy it will be to either:

1)See if the want to leave or stay for the Reno

2)Cash for Keys - what will this cost met

3)Will they be able to pay the increase in rent after Reno.

What are your thoughts?