There are companies who buy properties and flip them for large profits each month.

The redevelopment also includes 250,000 square feet of retail, park areas, and a transit hub, which will make homes near the redevelopment highly desirable for future buyers.

If it pencils to a 25 to 50% profit or COC don't do it.8.  

A shorter term tenant could do fine for you because they are not bad but just people in transition, so you don't lower your standards. 

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

But if it was not for those bene's these would have been poor investments long term with very little exit profit by the time one would have to pay recapture and do fix up work.

I'm excited to join this group as a new real estate agent transitioning from 2 years of experience in property management.

I would want to see if you could partner up with someone and split the profits 50/50, 60/40, or 80/20..

If you are paying off a 3 or 4% mortgage, why not just take the additional cash and transition that into assets that provide a 8-10% return.

Find a realtor that knows the transitioning areas, there are a lot of "not-so-nice" areas in South Bend that would not work for short term rentals, but there are also plenty of great neighborhoods.