The property no one wanted

[Robert Nason]

Two years ago I bought a completely renovated historic 8 unit loft style building in Massachusetts. The building was mismanaged by a local (crooked) property management company that loaded the building with a group of low life friends at discounted rates telling the out of state owner that it was the best he could do. I bought the building amid actual threats of violence from the property manager who rented office space in the building. I paid $820K for the building which was only averaging $800.00 per unit when I bought it. I've since evicted them all and raised the rents to $1400-1650 per unit. I just had it appraised and after only two years its value it now $1,456,000. Trust your instincts and ignore people who are only looking out for themselves