Posted by Kevin - WA on April 09, 2006 at 19:12:38:
I would be prepared to discount the rent. If you don’t have to, then great. But if you cannot make money with the rent discounted, I would probably pass.
A bad building (bad structure, inefficient layout, wrong location, etc.) is no bargain if it is a bad building. Now, having said that, if you can get it for like 50-60% of ARV, then I would consider buying it. But for 80-90% of ARV - no way.
K
Great deal without a shower - Posted by Carl
Posted by Carl on April 09, 2006 at 18:15:33:
I have an opportunity to get a side by side duplex for a great price.
I want to buy it and rent each unit out (2 2 bedroom units).
Only thing I see that would keep renters away is neither unit has showers. They both have bath tubs, but w/o showers. I don’t think it would be easy either to put showers into these units. The ceiling in the bathrooms is at a slope and the part where the tub is only has about 6 ft of head space, so I really don’t think it would be easy to convert it to a shower.
But anyway this house is a real bargain (in my opinion).
Do you think it will be hard to get renters without a shower (tub only).
Thanks for your opinions.
Carl
Re: Great deal without a shower - Posted by dutch
Posted by dutch on April 09, 2006 at 21:02:51:
Why couldn’t you put in a “European” style, where the shower head comes from the ceiling, not the wall? My health club has them, they are actually pretty nice.
Dutch