If you have all 1 bedroom units and the avg persons per household is 2.5-2.8, then that may not be the right unit mix for that neighborhood or submarket.

You are looking at a 30 yr mtg which is prob a residential loan product that allows 1-4 units, but I don’t know about a retail mix.

Oil tank is in basement and I noticed a small leak consisting of water and oil mixed (there was a blue sheen to the water) on the floor next to the tank and old oil boiler.

If an agent is giving that contract to a buyer client, it’s supposed to be given upon commencing the relationship, not upon making an offer on a property, mixed in with other paperwork.

This was a mixed use property we knew we could change the usage to residential with minimal work How did you find this deal and how did you negotiate it?

I typically have do heavy value add or adaptive reuse and mixed use.There are PM companies that specialize in these types of properties.

Generally an LLC buys the property and investors' SDIRAs buy membership units in the LLC.I like syndications for SDIRA investing because it's much easier to not mix money, and syndication investments are about as passive as it gets in real estate.

Purchase price: $1,060,000 10 unit mixed-use property (9 apartments, 1 retail) in historic downtown Butler, NJ.

Co-Founder & Managing Principal of Red Knight Properties, a boutique real estate investment firm focused on value-add mixed-use and multi-family opportunities in the Northeast.

@Gabriel Bejarano I do a mix of the BRRRR method along with the lease option method.