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Updated over 5 years ago on . Most recent reply

User Stats

7
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1
Votes
Ray Day
  • Cleveland, OH
1
Votes |
7
Posts

Inherited 12 suite bldg needs repair

Ray Day
  • Cleveland, OH
Posted

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.

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