Need more info, the answer is very situation specific. Do you have a sure fire way to turn the property around in terms of reducing expenses or increasing income? What do you mean by 1 yrs to get market rent? Why is the current owner not getting market rent? is there a conceivable reason? Usually lower than market rent means neglected property, who is going to finance the repair works so that you can increase the rent? Will raising to market rent support a positive cash flow after your repair cost?
May 24, 2017