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Updated about 7 years ago,
Renovation of Downtown Property
Hey all!
I'm very new to real estate investing, but have made my first deal a little over a year ago.
Back story:
I was able to snag a seller financing deal with no interest and would allow me to purchase a 2 story building in the downtown of a small city where I grew up. I got the building for a steal, but it was in VERY poor shape. It basically has had water damage for many years that will ultimately destroy the building. I've been trying to get funding to renovate the building, but I work full time as well and it just has not happened yet. I own my own house as well with a mortgage and want to be careful with what else I decide to do.
Any advice for how to get something going with this building or just reselling? It would be a great opportunity for a small business and a multi-family loft apartments.
Thanks!!