If so, expect to pay an additional 200 a month or more for water, 300 for electric, and a LOT for gas over our long cold Michigan winters.

Additionally, ongoing infrastructure projects, such as the revitalization of downtown and investment in transportation networks, further enhance the city's appeal for commercial real estate development.**4.

We've done a few deals together in this way and currently hold 10 properties together - with an additional 3-unit closing next week.The basic structure made sense for me to get started - my partner provided the cash injection and I provided the time and effort to find the properties, fix the first couple and/or manage the contractors.

Any additional unforeseen issues because of power not being turned on could hurt but won’t completely kill the deal unless major repairs needed.

Assuming you did not invest originally.To clarify, I am coming across some opportunities where a sponsor is in the middle of the biz plan, their loan is reaching maturity, they need extra capital, and they are attempting to raise the extra capital from other LPs rather than or in addition to a capital call.They are offering "rescue capital" investors pref equity that is ahead of original common equity investors.

In addition, owner loaned us $100,000 at 6% simple interest for one year to make major repairs (installed heat pumps, replaced boiler (for heating water only), replaced some siding and major roof repairs.)We were very clear with each other what we each wanted out of the deal.

High is overrated.If you have any additional questions, reach out to me directly.Good Luck!

Austin experienced the greatest price boost, with a 4.2 percent gain, reaching its highest level since January.

It is important to remember that if you buy a single family home that you will live in for a while, consider living in it for 2 years before you sell because the IRS will allow you to exclude up to $250,000 of capital gain on your property from being taxed ($500,000 for married couples).

I had originally thought I would rent for year and do a 1031 to avoid cap gains tax,  but I was told since I am a real estate professional ( I am a broker),  I would be exempt from cap gains.