✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

When the PM engages the contractor, the pricing is based on the PM's relationship with the contractor (wholesale pricing); that pricing is then adjusted for the PM's engagement and oversight of the work (what you pay).I don't utilize or offer PM services. 

I'd be fine giving up some equity for faster growth and scalability but I'd love to hear your thoughts for not giving any equity while still keeping investors engaged with all your projects.Thanks!

A landlord is best served to engage tenants in negotiations, or someone who can do that, or to sell, that's our reality on the ground.  

A little bit about us:I am an investment funds attorney, and as such I have a lot of experience reviewing and understanding investment materials (PPMs, LPAs, etc.) from a legal perspective, but this will be my first engagement in the business side of investing and my first time evaluating deals for myself and my family.

Assuming you would like to go with a conventional (maybe a FHA 203k would be a good option here), you will need to engage with an attorney and with a lender.

What they WILL NOT do is create the documents for you.So, as recommended above, engage a real estate attorney.

Posting and engaging on Bigger Pockets of course.  

Posting and engaging on Bigger Pockets of course.

Thank you for taking the time to read and engage!