Anticipating new purchases

[Tricia York]

I currently have an above the garage apartment that I have rented out for 4 years. My father has had low income properties since the mid 1980's. He now is aging past being able to manage them. I am looking to purchasing them from him. Looking forward to gaining more wisdom from others.

[Drago Stanimirovic]

Welcome, Tricia! Sounds like you already have solid roots in real estate with your rental and your father's long-term experience. Taking over his properties could be a great opportunity to expand while keeping the legacy going. As you transition into ownership, especially with low-income housing, keep an eye on maintenance costs, tenant stability, and any deferred issues he may have let slide. It’s also a good time to evaluate how you want to operate, whether you’ll self-manage or bring in help.