At the moment sitting very comfortably with what we have but toying with a similar idea of picking up 3 in a block of 4 to own all.
Basic figures only.
Cost roughly around 1.2m. Return around 4.5K per month.
Has definite potential for future expansion or development.
Trying to decide on best way to submit an offer to other owners.
Annoying part is could have picked up the whole lot for under 250K a few years back but passed on it. You live and learn.
Decided early last yr we had enough properties and no need to buy more but something keeps nagging me to just grab these and then call it quits.
i concur about not buying units....I made a ridiculous mistake not buy a block of 4 units because i wouldnt negotiate over a $2k variation in what he wanted to what I would pay plus he had bloody fish breath......I just couldnt get into a meaningfull discussion with him person to person..........It got that bad even with phone calls i started to think the smell was going through the lines..
Seriously did my head in when i saw them sold for nearly $800k just three weeks ago...Not a bad increase from $230 in 8 1/2 years...
Every day is a good day to buy r/e if you hold long enough...
Lesson: never walk away from a deal you know will make you great money, just hold your breath and get on with it!