rent stabilized tenant in 4F according to previous listing at 450k, roughly 70% discount over 3F, worth it for an investor?
emiliom
about 9 months ago
Posts: 0
Member since: Apr 2011
For someone with disposable income, it could very well be worth the risk. If you aren't super wealthy and the tenant decides to stay forever, you've made a bad decision.
the_nerve
about 9 months ago
Posts: 14
Member since: Oct 2008
Yup, I wish I had that kind of money to gamble with, or maybe I wish I was the tenant in 5R paying $ 1,240 per month
Primer05
about 9 months ago
Posts: 1439
Member since: Jul 2009
I just started working on an apartment in the building and a lot can be done with the empty spaces but they need a ton of work which will be very expensive
Why is these unit so cheap>
rent stabilized tenant in 4F according to previous listing at 450k, roughly 70% discount over 3F, worth it for an investor?
For someone with disposable income, it could very well be worth the risk. If you aren't super wealthy and the tenant decides to stay forever, you've made a bad decision.
Yup, I wish I had that kind of money to gamble with, or maybe I wish I was the tenant in 5R paying $ 1,240 per month
I just started working on an apartment in the building and a lot can be done with the empty spaces but they need a ton of work which will be very expensive