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.

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

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

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

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!

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.

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

The process is relatively the same. 

Scaling up is a big leap, but breaking it down into small, actionable steps—like building a deal pipeline or starting conversations with potential investors—can help keep the process manageable.I’m based in the PNW (Seattle), so if there’s anything I can do to help or if you’d like to collaborate on deals in Washington, feel free to reach out.