The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

Purchase price: $360,000 Cash invested: $100,000 This is a 20 acres of land mixed use Commercial or Residential.

Now my focus is on heavy rehab mix use/ multi-families that can be delivered below replacement costs and  $400/sf+ outsale new construction opportunities.

Even just pulling Comps for bedrooms, bathrooms,sqft,acreage build year,only 5 comps come up within 5miles.add a 30x40 shop in the mix and a tiny home on a neighboring lot.1/4 acre pond. 3 storage buildings.brand new roof and hvac.

The main issue with rental basement is water if it has water issue usually it is a simple fix .Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

Often, the key to transitioning successfully is starting small, perhaps with a mixed-use property or something that doesn't require a steep initial learning curve. 

But the mix of individuals, LLC entities, and the SDIRA as beneficiaries made it a hard-stop no-go situation. 

Refine exit strategies and partner with experienced teams for a mix of flips for capital and multifamily properties for cash flow and long-term growth.Good luck!

I'm looking for a 10-20 unit, built after 1960, needs repairs and the unit mix are 1 bed and 2 bed because most people don't rent out 3 bed.