Any help/guidance appreciated, I have never dealt with cell towers before.Thanks,

The right property manager can be a valuable asset for your investment and can help you find the other resources you need.Realtor – Look for one who knows the market, understands your needs, and hopefully has a good relationship with your property manager.ContractorLenderAttorney – A local attorney or someone knowledgeable about the specific market can be a great help when it comes to local ordinances and laws.

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

Your time is valuable.

Seeking guidance, mentorship, and educational programs to kickstart my journey into the world of investing.

Buy a 2-4 unit with either 3.5% down or 5% down, make valuable improvements that will increase equity, and in two years time consider selling.

I have some knowledge and capital but I definitely need some guidance and possibly  partnering with investors as I enter into a new market I’m not familiar with.

Needed some guidance on the fees for this kind of real estate and whether the offered pref and LP/GP split actually makes sense or is it too high/low?

You’re in an enviable position having valuable of time ahead of you.

Thank you,Asking for guidance from NYC!