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Updated over 7 years ago,
multifamily rehab help needed
Hi BP family. I have a property that I'm looking to renovate and rent out as a multifamily investment property. It is a 40+ year old commercial building that I have a couple of floorplans that I may use for the rebuild. It is a two story building in area that, it has a good foundation and the exterior is made out of cinderblocks - EVERYTHING else will have to be redone so it is a full job. I need you guys to weigh in two things (and anything else you think I need to know).
1) Can you suggest a renovation contractor in the Shreveport, LA-Marshall, TX-Longview, TX area that has expertise in this type of renovation?
2) How can I determine if the property will rent well in the area? How do I determine how many units, how many bedrooms construct?
I'm still doing my homework but I need help so that I don't talk myself out of a potentially good investment. Helllllllp!