Purchase price: $1,350,000 Cash invested: $644,000 Asset is 5,380 SF with a mix of 3 retail + 2 Tudor style residential lofts, and 3 storage units • High foot traffic area down the block from the Upper Montclair Train Station with direct lines to New York City • Located less than a mile away from Montclair State University – 21,005 total enrolled students • First sale of the property in over 60 yearsHREA/Cohen Capital Business Plan: • Increase the in-place, below market rents to market once the leases expire • Lease the vacant store in the short term – HREA/Cohen Capital has agreed upon terms with a 90’s clothing brand to do a pop-up upon closing and negotiating with a tenant to take space once the pop-up’s lease ends What made you interested in investing in this type of deal?

Cloths seem to be really heavy as the weight bent the brackets.

Same for a low cost daycare.Work with the city to see if you can use your funds to buy vacant lots and develop playgrounds for kids or gardens or outside yoga studios.Just add gardens and play areas to the buildings you already own.What you buy and how you use it can be part of the give back and improving lives.

Too many red flags.If we subsidize someone's "right" to own a home, why not subsidize their "right" to food, clothing, transportation, and everything else? 

It says on Patricks profile that he runs a boot and clothing store.

The seller in this case do have a lot of furniture, clothing, and other stuff in the property.

For most of the homes the carpets alone were $3200 to $4900 plus two coats of paint on every wall and ceiling, replacing broken bathroom sinks, kitchen sinks, faucets, repairing air conditioners, replacing cracked times on roof 36 feet high, bringing in 4 to 8 tons of rocks to make the yards look nice, trimming trees, repairing sprinkler systems and the piping, replacing refrigerators, stoves, washing machines clothes dryers, water heaters, painting garage floors ceilings and walls, bringing in 20-yard trash bins to remove all the carpets, trees trimmings and trash left by tenants, replacing all the window blinds, door knobs that are broken and locks for the main door and locks for the garage door so the keys match, repairing garage door openers that are broke, repairing the garage door rollers and seals, painting the trim outside the house, replacing facia boards that are 36 feet high, replacing window screens and the screens on sliding doors, replacing entire windows just because tenants broke the window locks and they cannot be repaired, replacing kitchen counter tops that are destroyed, replacing all the kitchen doors and drawers because tenants destroyer the cabinets by hanging their wet laundry in the kitchen cabinet doors to dry. replacing garbage disposers, dishwashers and the list goes on and on.

Or "lifestyle" businesses (i.e. a yoga studio if you are a yoga instructor). 

Use a drop cloth on the floor and take your time. 

The branch circuits may be cloth wrapped and ungrounded.