Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Tarik Griffith
0
Votes |
4
Posts

Rookie Investor in need of rehab advice

Tarik Griffith
Posted

Good afternoon BP,

 I'm currently lookin for advice on how to renovate property that was left to me. I have 2 two story properties adjacent to each other that are currently vacant and uninhabitable, the roof is collapsing and the wooden beams are rotting etc. I was advised by an architect friend of mine it might be better to tear it down and construct something new from the ground up. After looking into the zoning I learned that area will allow me to build up to 6 floors, so I'm thinking while I have this golden opportunity I should go for it all and build a 6 story apartment building, putting me at 24 doors to rent out. That is my ideal scenario, however my issue is getting the capital for such a large project with no experience. If anyone can point me in the right direction of how to go about this process I will be extremely grateful. Thank you in advance!

Loading replies...