Updated almost 6 years ago on . Most recent reply
Inherited 12 suite bldg needs repair
I'm in the process of inheriting a 12 suite bldg from grandparent. The bldg needs almost 200k in repairs but I know the monthly gross can be at least 8k a month. Not including a restaurant storefront on the property. I'm curious as to how, where, or what type of loan or grant to get the bldg renovated. I was leaning towards renting to veterans or some type of transitional house in the end. The property is paid for with no liens, but my current income isnt high.