I have the opportunity right now to buy 14 units at about $20k per unit, which is actually a giant old mansion downtown split up and remodeled into apartments. It's actually 2 buildings -- the mansion, and the cottage out back. Occupancy is currently only 40%, and the maint on the building looks to be severely neglected.
Is this a good opportunity to break into the commercial world, or is this a nightmare money pit waiting to happen?
Cheers,
- Hakrjak
Is this a good opportunity to break into the commercial world, or is this a nightmare money pit waiting to happen?
Cheers,
- Hakrjak
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