All Forum Posts by: Zach Yonek

Thanks @Danny Randazzo! Yeah, right now I'm at the very beginning stages of getting all that stuff together.

Thanks @Jonathan Orr and @Al Williamson! Yeah I would want to double check with the city. I was just going off of the MLS listing where they mentioned them being able to be turned into condos/apartments. Right now, there aren't even bathrooms on either floor, so I'd have to look into whether or not there's even plumbing as well as any other structural things. I didn't even get to walk through it thoroughly yet (I just went to see the location and the store owner asked if he could help with anything, so I told him, then he offered to do a quick tour). It's starting to make more sense why it is probably listed as low as it is :) I'm new to this whole real estate investing thing, and I really appreciate your input! Thanks

Looking into a commercial property that has a retail business on the bottom floor, with second and third floors that are storage now, but could be turned into luxury apartments. It's a really old historic building, in a great part of a thriving city. Just talked with the guy who is running the business on the first floor, and briefly walked the building (going back again on Monday with a realtor). The second and third floor don't have heating or AC run to them yet, so that would be a rather large expense, and I have no idea where to really begin with estimating that kind of cost? The building seems to be at a really great price, but wondering if I just don't have enough upfront capital to add the heating/AC to the two floors, as well as renovation to turn them into apartments (the two floors would need quite a face-lift to get them into shape). Anyone have some advice/experience with something like this? Thanks!