They should have a process for this that will likely involve probate.

I just did my first land deal, went to the builder for advice due to not understanding the process and how to price in that area.

The landlord can then proceed with the eviction process in court if the tenant does not remit payment.

Even more interesting is the yield curve, which currently seems to be in the process of un-inverting (?)

I am in the process of buying my fourth unit but this situation is a new one for me!

The process is rather straightforward.

I know it's a marathon, not a sprint, and I am in this for the long run, but I'm also eager to jumpstart the process!

It gives you better control over the process and helps you really understand the market.

Many lessons have been learned firstly is you can’t be too nice or trusting and second is, don’t wait to figure out the refinance and cash out process and until you are almost done with rehabbing the property because currently going through a very lengthy, cash out refinance ordeal at the moment as I’m trying to get financing terms finalized as we speak.

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.