The same is true with real estate investing.

It really is true (usually)

Yesterday I closed on my first true investment property.

Maybe lightly stage the kitchen with some colorful accessories, touch up the chipped/stained looking paint on the cabinets.

First True Investment Property - wanted to get my feet wet How did you find this deal and how did you negotiate it?

Hi BP fam,What exterior paint colors are you using on small MF in Florida?

That is especially true if they are pretending to be big shots.

It is true that a bank can adjust interest rates, but they are prohibited from usury, and there are limits to how much interest can raise from one year to the next—legal limits.

Hi Apurva,53 units -- It would be smart to talk to an Architect who does multi-family (In your general area) about the cost of doing a restyle as well as colors.Especially if you choose a Hardie (Fiber Cement type) product.With Hardie (Type) products, read the upkeep instructions, some require re-applying the joint sealers (factor that into your maintenance budget).Also with Hardie (Type) products there is a service life to the color...some come pre-colored, some your contractors must paint on site, (some require priming of cuts when installed)---talk to the Architect about the maintenance schedule and the CAPEX for this.Hardie makes big sheets of this for multi-family that Architects can use for visual effect and ease of installation.With 53 units--springing for an Architect to help with this would be intelligent.Good Luck!

Thank You.so true