Furthermore, with finishing the rehab work in the incomplete units, improving management, and doing an appropriate advertising campaign, we're confident we can get that occupancy rate much, much higher.

See if the appraisal allocates the value of the property between the land and the improvements.

In 2005 I started telling my members to decrease their debt load, unload marginal properties while the prices were approaching the peak and improve their cash position.

I saw some clips on YouTube by the author of this book about economics, and he seems really intuitive and on the ball.

What do you specifically propose we do to improve things?

Especially now since they are the leading asset class to go into foreclosure.This may just be my bias, but i think retail and office may be the best items to buy in the next few years (for those able to) That sector is getting hit so hard across the nation right now and the downturn has been so hard and fast that when the cycle turn comes in the next 3-5 years and jobs are created and economy is improved people will get more adventurous and they will raise in price faster then apartments, self storage (is dependant on moves down It seems and when the economy is improving people don't usually move down), mobil homes i don't know.Of course anything can be a good buy especially if you get it at fire sale prices like today.

That house cost 85K in 1993, with about 13K in improvements in 1999.

He then put in a few improvements, new kitchen and a new driveway.

Really a good improvement since the commercial area is getting an update as well.Take care,

ive seen the home about 5 years ago and know the general layout and its potential ( it WAS kept up nicely), i dont see improvements costing anymore than 5k expecially since theres already long term tenants there.