There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

Existing balloon framed homes can often be upgraded and reinforced.

This policy will provide additional coverage above what your existing policy covers.

zero risk, there is absolutely zero risk when you pay off existing debt :)

Wanted to get a feel of multi family opportunities and single family homes.

I’m now looking to scale into commercial multifamily properties and want to ensure I fully understand how to underwrite and maximize value in the CRE space.One thing I’ve been wondering—when a seller advertises a pro forma, are they typically pricing the property based on existing NOI or the projected NOI after improvements?

@Karolina Powell what we've experienced in handling both is the struggle for tenant stability.Logically, the more people you add to any given situation, the more likely it is that at least two of them won't get along:(We've placed a new tenant in a duplex several times and had them not get along with the existing tenant. - Sometimes we lose both tenants, but often we can keep the longer-term tenant calm until we get rid of the newer tenant.This is more difficult to do when you place a new tenant into a 10-unit building where all the other tenants have been there awhile. 

You can still find homes in these markets, among others, that are priced between $160k to $275k that still provide passive income, allowing your residents to pay down your mortgage, cover your other expenses and still have excess money to either save in an account for future investing or pay down your existing mortgage faster. 

The ratio above works anywhere.Step2 "Existing":Ineach town count the number of units by size.

Hello need suggestions/advice...own a business with property...Land next door was approved for Mixed Use Construction (Retail on bottom residential on top)..Construction has begunMy business is slow and is affecting bottom line..may need to relocate business and have developer build on my property...Would like to keep property and build same as next door(numbers will be easy to get including approvals) ...looking for investor ..Afterbuild units can be sold or rented...For exist plan total improvements $2.3+MPlease let me know thoughts....suggestions time sensitive..Thank you