A dollar spent does not equal a dollar increase in value, plus the market is in a decline.

Otherwise, you wind up increasing the price you have to pay for the replacement property to balance out the values, right?

Unless you take equity out of the replacement properties and increase your debt you're continuously having to find properties to protect a greater and greater investment or several smaller properties in the aggregate.

In residential, if you buy low and sell high, just be prepared to explain the increased sales price to the new buyers lender, unless its cash.

Also, it might save time because you have less cuts but it increases your material cost.

Well I told myself once he closes a deal it might give me the confidence to do it myself.

see what they've done and how much it has cost.i'm sure you're looking because you see some value in it - improvements of the structure and subsequent revenue increases, but with those older buildings you really have to pay attention to the finer points that could land you with big expenses that don't necessarily improve your revenues - i.e. asbestos removal.

if not - see about submeteroring, increasing rents and going from there.SFH rentals are good though if you are a good landlord and not a scumbag who lets the properties go to the toilet.

This makes sense if your perception of increased value is supported by the cash flow to support the new indebtness.

Either way, if I may say so myself, there is absolutely no substitute for in-depth research.I have seen enough successes (and failures) to be able to say with confidence that the conscientious investor can make very good money in delinquent real estate.BTW, is there a way to continue this thread in the section of the forum that focuses on the topic being discussed here?