I love talking shop!!

Purchase price: $110,000 Cash invested: $2,000,000 399 Helmericks Ave includes 3 warehouse/shops totaling 60,000 sq.ft. and office space totaling 7,000 sq.ft.

I work a full time job at a wood shop building custom cabinetry.

If you got your credit decent you can start soft shopping for conventional/fha home loans if you didnt do so well improving  your credit this is where you start looking for private  lenders, partners and investors.

A friend of mine invested in one last year—apartments upstairs, a small coffee shop downstairs - and the combination of income streams made it a steady performer.Scaling with a 1031 Exchange:While not applicable unless you sell a property, planning for a 1031 exchange could help you scale quickly while avoiding capital gains taxes.

I have shopped for a new manager. 

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

But I would keep for a work shop if your doing value add to the house.  

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

If your working with this company and this company only and think that they are going to get you to the finish line to get the title in your name, well I’d say you’d have a better chance at winning the lotto.What some don’t know is they are not a one stop shop, the more you get dragged along the more money PreReo makes, again they are basically a wholesaler, the longer it takes you to obtain it the longer you pay them.