The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability by implementing common area improvements and upgrading amenities• Add substantial value to the property by upgrading unit interiors and increasing rents to market rate• Improve the resident profile and stabilize occupancy and collections• Increase income, hold for cash flow for several years and sell as renovated, stabilized asset when the best exit timing is achieved What made you interested in investing in this type of deal?

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability • Add substantial value to the property by upgrading unit interiors and increasing rents to market rate What made you interested in investing in this type of deal?

A small apartment for sale in the most desirable area of town.

@Axel NorvellYou don't have to house hack if for example you find a good deal outside the beltway, and you still want to live in the loop, well you can rent out all the units, and with the profits you can rent a place where you desire.

As long as my tenants can get in or out and I stay on positive terms with the neighbors, I'm happy enough.If you're buying to flip, on the other hand, or you're buying places with sizeable/desirable lawns or gardens, you're going to want to make sure, and keeping the neighbors happy isn't as much a priority.

Even with the new valuation the property is still preforming at a 20% plus cap rate.I would love buy 20+ caps (B class properties) all day, but the lack of leverage presents a problem when one is trying to scale.I have however, been able to reinvest the cash flow directly into a couple small multi family deals.On the other hand, In my market the extra $ down (from sale or refi) can absolutely get me a larger multi family deal (which is my desired trajectory).so, the question is:(A) Sell a 45+ %+ cap rate property (which truthfully makes me cringe), take the double up on investment and 1031 to a bigger deal.

Would fix up and sell it himself, but then would be knocked with capital gains taxes and recuperation taxes from depreciation over the years- doesn't have much time or desire to rehab the property himself right nowHere's the potential plan forward: - the tenant is given some amount of time to move out. - my friend pays off the remaining mortgage note of $45k- my friend deeds me the property - my friend pays for all rehab- my job is to do all the work (I'm handy) and handle logistics of rehab if a contractor is needed. - once I finish rehab, I'll put a renter in for $900 (or raise to market rent at this time.

I am looking at commercial real estate in LA area and there are a few retail properties with pretty decent cap rate - 8%+ net but they have land leases (running 20+ years into future). Should I consider them or not? W...

I went driving for dollars today and found some old, ran down vacant properties in some desirable area.

I look for tenants who will move out in a few years to not lose out on opportunity cost with raised rents).Ask lots of questions before even inviting for a viewing (reason for moving, total # of tenants, pets, desired start date, etc.)Google, Facebook, etc their name & get a feel for what they are like.Credit check you can simply ask them to provide but for me it's not necessarily a huge concern.Call References & reference an incorrect property address, see how they react.