We also get applicants that come in looking flashy (expensive purses and shoes, wearing a lot or jewelry, driving an expensive car), and oftentimes they are seriously unqualified.

We acquired the asset and will implement a value-add strategy to bring this historic vintage B class property up to a A class asset.

We acquired the asset and will implement a value-add strategy to bring this historic vintage B class property up to a A class asset.

Tenants have already gone ahead and made a faux bedroom by installing a curtain that wraps around the living room space turning it into a decent size room.

Purchase price: $7,000,000 153 Unit Vintage Multifamily that requires an extensive Value Add Modernization - We are excited to announce this wonderful property is in-progress

Purchase price: $2,500,000 Cash invested: $1,000,000 16 Unit Multifamily Value Add - Vintage in distressed condition requiring a complete overhaul to modernization

If you buy C vintage properties, be careful if operating expenses are less than 45% NOI.

You could even post some of your personal property (cars / jewelry) as collateral in the event of default.If you can buy another cash-flowing rent property or two, that should help your DTI so you can qualify.  

A full renovation including white shaker cabinets, granite, upgraded kitchen and bathroom, refinished hardwood floors, SS appliances, stackable washer & dryer, 2" faux wood blinds, landscaping, NEW sewer line, NEW HVAC, and much more!

@James Loffredo you could do the bulk with IKEA furniture but supplement strategically, whether with furniture or accessories/decorative items that you pick up from vintage stores or at garage sales.