If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

I recently moved to Jersey City and I'm interested in buying a multi-family property in the area (specifically 07302/Hoboken and surrounding neighborhoods).

If you dont sort out your global cashflow, this may only prolong the inevitable at the expense of your equity.Option 2 would be leave CA and shrink your balance sheet by selling the properties and paying off the CC debt.

Investment Info:Single-family residence other investment.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself. ...

You don't need to save up $100K or quit your job today in order to become a successful investor. I started 23 years ago and bought my first property with 3.5% down using an FHA loan. I had to borrow the down payment f...

Been doing some comps in Houston. I'm am running into a lot of properties that the MLS says it sold for less than $5,000 dollars. How could this be possible? Does it mean something I am not understanding? Would this b...

The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

Thinking about investing in a quadraplex in North Carolina for LTR in a good market that bigger pockets are high on. I have a few concerns that I wanted to get people's thoughts on. 1 - Selling a quadraplex 10-20 year...

For example, a tenant can file for bankruptcy (legitimate or not) to prolong or delay the legal process.Lastly, you may want to consult with an eviction lawyer/attorney.