In August I purchased a 7 unit commercial building, which has a flat roof covering roughly 4,000 square feet. I got a great deal on this property and one of the reasons was due to multiple roof leaks. For most people the first call is to a roofing company, who …
At the start of August we bought this 7 unit building. It came with 3 of the units rented out, 2 of the units being vacated by a previous tenant, and 2 units filled with stuff from previous tenants. Fun. How do you eat an Elephant? One bite at a …
This summer we were not going to rehab any houses. We even planned to not buy anything for the next 24 months to allow our balance sheet and cash position to strengthen. We did have a couple situational exceptions for this and this house was one of those exceptions. In …
Last month I closed on a 7 unit, 7,000 square foot commercial building for $36,100. That’s right. I paid less than half what 2 bedroom 1 bath houses in rough shape are selling for in the same neighborhood. This is $5,157 per unit. If I subtract my expected value of …