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Updated over 6 years ago on . Most recent reply

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37
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2
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Franklin Marte
2
Votes |
37
Posts

What is the best way to gain equity in a multi-family/Building?

Franklin Marte
Posted

I was told you can gain equity by renovating or by reducing the loan payments. Which is the best way or quickest way possible to go about it?

Most Popular Reply

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642
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548
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Dan Weber
  • Realtor
  • Portland, ME
548
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642
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Dan Weber
  • Realtor
  • Portland, ME
Replied

You increase value in a building of 5+ units by creating more annual cash flow. You create more value in a 2-4 unit building by improving things like kitchens and baths to create value against the comparable properties. In order to accurately answer this question, you need to provide more info.

  • Dan Weber

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