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10 January 2023 | 12 replies
Salute @Kris Kelley, I don't believe in luck but I will wish you all the best in your endeavors an would like to connect.
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22 December 2022 | 120 replies
Hold on to your high-paying W2 for dear life now because you will need it to fund this money-losing endeavor.
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23 January 2023 | 7 replies
We specialize in apartment complex transformations.
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17 September 2016 | 10 replies
I wish you the best of luck in your endeavor!
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24 February 2016 | 11 replies
Find out costs for insurance and taxes and use the calculator on biggerpockets to check the financial sense for that endeavor.
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18 April 2023 | 4 replies
What you will find publically for free is usually a one by one by one endeavor without a lot of backup information.
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18 April 2023 | 11 replies
I hope this advice helps in your journey, and best of luck in your future endeavors!
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2 March 2023 | 15 replies
C and lower properties are notoriously difficult to manage--even for an experienced property manager--and even the most experienced real estate investors tend to avoid C and lower properties for this reason.You asked whether the properties might ever "turn around"...if they are in C or D areas, this will be an uphill battle (you can make a property the nicest spot on the block, but you can't transform a C area into an A neighborhood). ...talk to local agents and PMs about this question, and you'll get a better idea of whether it's possible to turn these properties around...Buying a portfolio of C/D multifam properties with no prior REI or property management experience is a bit like trying to surf a 50 foot wave before you even know how to swim. ...so, don't be too hard on yourself, but also try to learn from this--if you're a beginner, start off with a beginner-appropriate strategy.You mentioned that the properties are producing tons of unanticipated expenses--if most of the expenses are unanticipated, that means there was a failure in the due diligence process (proper due diligence is one of THE most important parts of REI).
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22 November 2020 | 38 replies
My next step for this property is to move out rent my unit because it's amazingly renovated with granite counters, transformed bonus room into office and created a laundry room in basement, to than cash flow around 600-650 on this property.
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8 January 2022 | 211 replies
Can their transformer support the extra power?