The property is rented by DCFS ( department of child and family services) a government tenant and are occupying the building for last 30 years and have no plans of relocating.

I've been in the commercial valuation industry for the past 5 years appraising office, industrial, and multifamily buildings nationally for institutional investors.

We have an incredible amount of homes around downtown Bloomington that are 100+ years old that have nearly all been turned into 2-4 unit buildings.

Here’s a look at some of the most obvious pros and cons of subject to financing to give you an idea of whether or not it remains an option for your next acquisition:ProsCash Flow & Equity: Provided the right steps have been taken, the property can very easily award buyers with cash flow and the chance to build equity.

, subdivide into 3 lots, build 2 duplexes and a single-fam for myself.

Do I need to work with an attorney to build the contract?

Hey BP,I'm looking to connect with investors, GCs, Builders who have experience in new construction, ideally taking infill lots and building small multis.

Might be a good idea to check the building codes in your area and see if this is an item that has been set down in law.

If you're flipping just remember to build a team you can trust and run your numbers for the worst case scenario.

The building generates an annual gross income of $120,000.