Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 days ago on . Most recent reply

User Stats

1
Posts
1
Votes
NA NA
1
Votes |
1
Posts

Redevelopment for a multi family

NA NA
Posted

I'm looking at purchasing a large property and redeveloping it into an 11 unit rental. This is my first investment property, however I own and operate a mechanical contracting business with my father who is a former GC up until the 08 crash (until now, he has looked the other way when we discussed real estate investing). We have 7 guys in the field and I'm comfortable with the work needed to redevelop this property in stages. My wife and I want to open our own LLC separate from the business and purchase this property. What is the best way to go about purchasing this property? We plan on having a lease agreement for $2000 to our business. And we are not opposed to renting our current house and living in the property for the rehab. We want to buy the property first so we can manage the payment and do the redevelopment in stages vs one loan to do it all at once.

Loading replies...