Yep, every deal needs heavy value add, complete re-tenanting or something else to make sense.

The plan was to have the properties completed in 6 months make some money and be on our way to real estate riches.Turns out a lot of the framing was rotten and we had to completely reframe the back of one of the houses.

Anyone claiming people are going to feel the pain later by "sitting on the sidelines" is completely amiss of the real problem.

They were supposed to have it completed January 1st apparently, but their website still says "The Office of Tenant and Landlord Affairs will publish the Tenant Bill of Rights in the near future.

As a Ny'er We chose to invest completely OOS as Ny landlord tenant laws are not the best if you are considering holding long term. 

Now, moving forward he offered for us to take it over completely.

@Khyree RandallI completely understand how frustrating it can be when the market feels overly competitive.

I will update my reports to federal law enforcement about these activities once I have completed debunking all of his new claims.

Hey Alejandro, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.