Last time I had a toilet leak, it cost me at least 200 dollars.

Curious about the wisdom of messing up a good thing with a cash flowing property to potentially own/sell a multi million dollar property.obviously would like  a better understanding of the risks involved.Thank you 

If you have storage space, you can find some really nice stuff for zero or low dollars to have ready to go just in case.

Hi Carlos, since best option is off table and now you need to look for a new buyer maybe try relisting it with an agent who has good network and understanding of what the goals in this transaction are. you never going to get the dollar-to-dollar value that you put into the property, and we are not even considering the time and headache.

While he should have been educating himself in real estate principles, finance and law, he was instead learning about weasel clauses, driving for dollars. and what color postcards to mail out. 

I'm guessing you'll need 30 or more units in upstate NY with your current debt structure before the properties themselves generate enough dollars from rents to buy additional properties with.

Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.

Even in my primo areas, you don't get top dollar you do get a really primo city though.In regards to this, the risk is likely not worth it unless the operator has a successful track record, puts a healthier deposit, and signs waivers to own all liability.

we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

It's expected to be the largest investment, by dollar amount, in Memphis history (MBJ). - Dolly Parton’s business empire is expanding yet again, this time with Dolly Wines.