You have an anchor that us single guys don't have to deal with.If this decision means cutting off years towards retirement, then it's up to you to decide. 

@Nathan KuTry a good friend of mine, Kurt, at Anchor Home Inspection.

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $250,000

Cash invested: $80,000

1950's Ranch on 1/3 acre lot in Houston. Previous owner fell ill and the...

Hi all,I recall a podcast talking about the best anchors to buy near (I.e. hospital, higher education) since they're solid organizations that won't evaporate and will always need housing for their employees and/or patients and students.

I'm a commercial agent in San Antonio and I specialize in retail, which is anything from gas stations and car washes to QSR (Quick Service Restaurant) and STNL (Single Tenant Net Lease) to malls and Target Anchored power centers.

You should also research the anchor stores to see how they're performing financially and whether there's any news in their press releases that give you concern.If an anchor store closes, that will have a big impact on traffic, which in turn has an impact on your other tenants. 

I plugged in these rough numbers to the Rental Property Calculator here and the cash flow looked decent.I'd be looking to get a line of credit for the renovation budget and then do a cash-out refinance after 6 months.Renovation breakdown from realtorGarage - i would say put in anchor wall system and new membrane roof and new window altogether I'm thinking $4kYou'll want to tear down the plaster walls in the rooms upstairs and put up drywall: $6kYou'll probably want a new kitchen: $8k flooring appliances and cupboardsTear down of back garage and patio: $4kNew flooring and paint throughout: $5kbringing things up to code: $8kish?

While the Downtown/Water Campus and LSU anchors would suggest great infill opportunities along the Nicholson Corridor, as has been mentioned there is no way to know how long that transformation will take without public investment (streetcar/BRT).

If you have found a truly great deal due to your differentiated knowledge of the neighborhood/local RE market (i.e. having a reasonably good ARV estimate), or expertise in rehab, or some other differentiator that will give certainty of execution to the transaction, then it's worth putting your key terms/deal structure down on paper and focus on getting an anchor investor (debt or equity) so you can lock up the deal first.

It's the stuff like K-mart anchor in tiny towns that goes out is very hard to repurpose.