My most recent LOI was for a 168-unit property, and I’m also working on LOIs for properties with 200+ units.I’ve had conversations with brokers and, in some cases, even the sellers directly.

Increase time spent conversing with each lead that you get to learn more about how they view the property and implement reasonable changes accordingly.

Investment Info:

Other commercial investment investment in San Diego.

Purchase price: $1,900,000

Cash invested: $750,000

12 bedroom, 12 1/2 bath, home built in 1905 that was previously a rooming/boar...

I always start out with a process of responding back by phone or email and getting a quick conversation to let them know my process.

Another option might be roth conversions and then accessing that money in 5 years from the date of conversion. 

I store some funds in a HYSA as well as lower risk investments.

@Tim Horning correct but Ithaca already passed good cause so get ahead of it by having conversations with your town council members before their opinions on it become ossified

Your main two plays are appreciation or development (build new construction, condo conversion, etc).

After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

Condo Conversion Bill impacting Hudson CountyCondo Conversion Bill Pocket Vetoed by Senate President