We have done millions of dollars in renovations on our apartment buildings, and it almost always has taken longer and been more expensive than we thought.

Just got my first multi family property under contract in Houston Texas..

Home w/ basement apartment?

I’m curious to what all my builders in Houston think.

Many of you may know of me as I have been investing in Apartments - mostly Syndications - for 22 years and have invested in over 11,000 units.

:Intriguing model – Fits the niche of offering a housing alternative that is cheaper than a studio apartment.

You could also refi the property with an 80% LTV, take less funds but have more stabilityGino Hey Gino,If I were to get rid of the duplex, I think I would go with a 1031 exchange but to my understanding, since I live in one apartment, I don't think I qualify for one. 

I'm not a part of that organization, but I'm curious, what would be the goal/the outcome that you'd be looking for by joining?

I have rental house with a separated detached apartment above a garage that I plan to sell.

This building should fall under that, but since the upstairs apartment is gutted, would this property still qualify?