Updated over 11 years ago on . Most recent reply
When do you walk (or run) away from a deal??
Well, I just visited a property in Dayton that is 351 units. And it inspired me to write this post on my blog.
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This is a very funny article. The fact that they said, "You don't want to live here" is terrible! 351 units and only 45 are rented, and those are full of crazies???
I see why you would walk away. What could the current owner due? Demo the majority of the buildings, create a community playground, parks, different landscaped spaces that could possibly be used by the larger community, scale back to 1 building. Start kicking people out during the landscaping and getting in a better tenant, put a freaking POND on the premises if you need to :-) Cost permitting, and make it a local gathering spot and attraction...
Im all about demoing buildings that dont make sense (or selling each unit off piece by piece - whatever they want). But, I DO think this could be saved with some creative ideas.
FYI Joe: I tried to leave a comment, but couldnt put an email address in. It highlighted the field but would take in any inputs.