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Updated over 2 years ago on . Most recent reply

Ryan A Shumaker's profile image
Ryan A Shumaker's profile image
Ryan A Shumaker
  • Rental Property Investor
  • from San Diego, CA
  • Member since Jul 28, 2019
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User Stats

14
Posts
8
Votes
Ryan A Shumaker's profile image
Ryan A Shumaker's profile image
Ryan A Shumaker
  • Rental Property Investor
  • from San Diego, CA
  • Member since Jul 28, 2019
Connect
Ryan A Shumaker
  • Rental Property Investor
  • San Diego, CA
8
Votes |
14
Posts
Commercial Real Estate Investing

To Sell or To Develop… That is The Question

Ryan A Shumaker
  • Rental Property Investor
  • San Diego, CA
Posted

My partners and I own an 86 unit property in IL that has good bones. We are trying to figure out if we should sell the property or dig our heels in and develop it into a Residential Care Facility for the Elderly (previous use of the building prior to us purchasing it) … any advice from experienced BP members is appreciated!

86 units

10+ acres with a pond

Development costs approx $3.5 million

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