Updated about 8 hours ago on . Most recent reply
Making the most of Bigger Pockets
Hello all... I am new to the community. I bought a 4-unit apartment building 2.5 years ago. The deal was solid and I had some expected cash in investment in the first year. However, one side of the building unexpectedly needed a new roof. I got 3 quotes, took the most reasonable and got a new roof. The new roof leaks worse than the old roof, and in more locations. That is not a loss I calculated for. I spoke with 4 attorneys, all of them told me there's nothing they can do. In addition, I recently lost 2 tenants. This is a good opportunity to renovate those apartments and raise the rent in both units. However, having lost $20k of my own money in a roof that still needs repaired changes things. I want to renovate the apartments and fix the roof, but I would like to finance this. Can anyone tell me how to utilize my Pro membership optimally? I need advice on strategy moving forward with my investment. Is strategy and planning a service of membership? Thank you in advance for any advice you can give.