The process is rather straightforward.

You need to do what you can to keep ALL of your places pest free and teach your tenants their role in the process as well. 

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.

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

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.

We are working to help people evaluate their situation and manage properties while these court actions are in process.

Curious to hear how things turned out and whether any unexpected challenges came up in the process.

The process is relatively the same. 

They are not calculating, but also very deceptive that now when I look back, the whole three days training is a step by step scripted the process of selling, every single second of it.- I went to a top college and have a very stable career with great income.