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5 January 2025 | 17 replies
So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.
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26 December 2024 | 3 replies
It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.
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7 January 2025 | 24 replies
Some banks even offer features that allow account holders to manage individual tenant information within one account, making the process more convenient.
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28 December 2024 | 12 replies
I have not had an issue with the claw back scenario and if I did I would IMMEDIATELY begin the eviction process which I would then pursue relentlessly.But alas, some tenants use this trick after they have vacated your property.
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7 January 2025 | 22 replies
There is no way to really get an adequate perspective because there will always be a very wide variance of thought processes.
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27 December 2024 | 8 replies
Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.
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23 December 2024 | 34 replies
If you budget the negative cash flow over the course of the hold period and have reserves set aside to fill the gap, there is no problem (assuming your investment meets your target appreciation rates - I understand there is no guarantee there).
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31 December 2024 | 14 replies
I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.
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5 January 2025 | 17 replies
Step-by-Step Process for Evaluating a Flip:Find the Deal: Use platforms like MLS, foreclosure auctions, or network with wholesalers.Run the Numbers: The 70% Rule is a good starting point.
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28 December 2024 | 1 reply
I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.