Trada Properties...anyone bought a pre con 4 plex from them

[N/A N/A]

I am looking into buying a pre construction 4 plex from trada properties...anyone have any experience with them? :goofy:

[Richard Goldberg]

As an owner of several 4-plexes in Kansas City and Texas, I want to add some different thoughts to this blog. As an investor, I bought into a concept and then bought a specific piece of property. In real estate they tell me its location, location, location. The communities I visited have all been in good cities and very good locations within the city. This means that over time I expect that my investment will be good. The operative word is “over timeâ€. I bought these units when the real estate market was in go-go mode. As we all know, it has cooled and hence I must be more patient for my appreciation. My second comment is about the change Trada made to bring in Bristle Properties to manage the POA. This was an excellent change that has produced immediate results. The Texas and Kansas properties are all looking first rate and the people that Bristle has working are energetic and knowledgeable. The system reports I receive every month are excellent. The lease up rates have been climbing and while I am not fully rented in all my buildings, I am confident the rentals will come. My biggest disappointment is in the amount of time it has taken to reach our current situation but as I said, I expect this will be a good long term investment