small multifamily rehabs

[Anthony Larson]

I was wondering if we could start a topic about rehabbing small multifamily building 2-10 units.

maybe starting with what to look for and good ways to get started.

[Brad Z.]

I have renovated a multi and sold it as a stable performing asset. I will say, one challenge is the tenants and them knowing there building is for sale. Its tough to manage them when other investors are coming through on a regular basis. I did a temporary rent reduction of 100 per month while it was on the market and that worked well but the tenants were anxious, just something to think about. I did do well on the flip though.