All Forum Posts by: Jim C.

I don’t want this to sound morbid or cold but it’s another option for you.

Talk to your grandfather about bringing you in as a partner. This way when he passes you will not be stuck with inheritance tax. 

there is such a wealth on knowledge in this thread and many many options for your situation, and they’re all right. 

Maybe your first step should be to figure out what YOUR long term or short term goals are and then figure a way to make the properties work towards those goals because you have so many really good options to work with. 

I don’t have any experience with commercial rentals yet and my residential is extremely limited. I didn’t want to offer residential if you only had commercial

Tackle this from a different angle. 

IIRC the mail boxes and their placement belong to the feds so go to your local post office and ask them about placement

If updating the interior or exterior will allow you to increase rent and get paid back in "x" number of months, I would do it.

On the other hand if you have good solid tenants I wouldn't mess with anything.

Since your grandfather had these for 20 years some of the tenants may be due for a rate increase without any improvments

I'm interested

What type of properties?

Is there financial software available that is based around real estate investing?

My rush is age, I dont have much time to start some sort of passive income that will leave me financially comfortable within the next few years

great thread!!