You can't be a true investor unless you truly know how to analyze a deal.5.

This pricing seems almost too good to be true. 

Although it is generally true this was a condo hotel and therefore was indeed licensed for it.

Is this true? 

That's true, however what if they can't deliver on the occupancy in a short period.

I'm not connected enough yet to put that money together but I will try.118 Apartments and 1 CommercialPlus$23,799,000 $19,386,000 $16, 720,000 Apartment Complex $6,000,000 Below Value for Quick SalePartially exempt from Rent Control Discount For Quick Sale Desperate/Must Sell 9% CAP RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION$9,884,381LOAN AT 3.65% FINANCING FOR 7 MORE YEARS DUE JUNE2030 CURRENTY AT FIRST REPUBLIC BANK.

One of the most tried and true tenets of real estate investing is:If you are asking is this too good to be true, it always is.

However, it’s true that on your watch your properies will perform better.

this is somewhat true. depending on the size of the "skeleton". what we found from being in renovations for 8 years and new construction for the last 5 years nationally is that what actually makes the money is design, entitlement, land acquisition, etc. you can pull every lever in new construction. it's more active and you have all the control. if you don't make money it's your own fault. talk to any lender who looks at deals they would agree. banks prefer ground up at the regional level who see deals than existing renovations.

I'm simply offering an alternative viewpoint based on the current market conditions and the heightened competition.It's easy to tell people to put sticky notes on someone's door, but what is the true cost and benefit?