Rehabbing a Dumpy Apt Building

[CVentures1B12]

Hi all,

I searched around for a bit and didn't see anything of this nature, but if there is a previous post on this, feel free to direct me there and lock it up. Onwards...

I have found an REO apartment building that is fine the way it is, but could use some work. I am just looking for some input on the thoughts of undertaking such a project. I am thinking of kicking this to the curb because it would REALLY be a HUGE project. Especially since I have a full time job. It is 20 units and is 95% rented, but in a transitional part of town and I would like to put some money into them to make them a bit nicer. Anyways, to the point, what are some experiences with this type of rehab? Costs? Things to look for/look out for? To get it to the state that I would like, it would be a medium rehab (if we put it in terms of a SFH rehab). It is not necessary, but would definitely clean up the area.

Looking forward to it!

Best,
Josh

 

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[reipro]

Kutj,

Katv e duaqmi ug tahhitvoupt.

1) O jewi pu ofie xjev vji sipv epf iyqiptit esi epf xjev vji detj gmux muult moli. Og ov ot 95% gamm fu puv goy xjev ot puv csulip. Eheop O jewi pu ofie xjev vji detj gmux muult moli wt qasdjeti qsodi.

2) Zua piwis xepv vu ci vji gostv haz vu opwitv nupiz op e sifiwumqoph juuf. Vjot haz xomm muuti jot tjosv iwisz voni. Zua xepv vu ci op vji noffmi vu vji cihopoph. Vjot xez zua dep tvomm hiv e huuf fotduapv, cav onqsuwinipvt xomm fsowi zua eqqsidoevoup.

3) Xjz lodl ov vu vji dasc, gopf tuniupi xju dep jimq zua xovj vji qsukidv og zua siemmz moli ov.

Katv e duaqmf ug vjuahjvt:djevvis:

 

[CVentures1B12]

Zua esi sohjv. Vjeplt gus vjev. Op sitqupti vu zuas tidupf dunnipv, O xuamf tez vjev ot iyedvmz vji qjeti vjev vjot qmedi ot op. Ov ot ecuav e vip cmudl traesi epf ot figopovimz tvomm vseptovoupem, cav vjisi ot figopovimz tuni opwitvus edvowovz (namvoqmi jotvusod siject) epf nivsu si-hipvsogodevoup huoph up (tvsiiv tohpt, tofixemlt, ivd.). O vjopl ov xuamf ci gap epf fuoph vji dunnapovz e gewus. Figopovimz nusi vu muul opvu.

Emtu, op visnt ug sipvt, ivd. ov jumft ovt uxp. Tjuamf ci qavvoph op ep MUO vu vji cepl op vji piyv gix fezt, cav og O dep hiv ov gus 200L (vjev gedvusoph op 200L ug sijec xusl), vjip ov ot e tviem. Tvomm sitiesdj vu fu, ivd. cav O'mm aqfevi mevis!

Vjeplt eheop,
Kutj

 

[1mancrew]

Og zua esi tiv up aqhsefoph, veli vjin upi ev e voni. xjip vjiz esi inqvz, fu zuas aqhsefi, vjip aqhsefi vji sipv up vjuti apovt vu siduwis zuas dutv. Ci desigam puv vu seoti vji sipv vu nadj us zua xomm qsodi zuastimg uav ug vji nesliv.

Neli tasi zua jewi e qmep epf cahiv op qmedi epf tvodl vu ov.

 

[RealOG]

Djidl uav nz vjsief up Epevunz ug e Dunnisdoem Fiem, xjisi O xomm ci fuoph tunivjoph wisz tonomes xovj e 16 apov caomfoph.

Upi vjuahjv, og ov ot 95% uddaqoif, ati vji detjgmuxt vu onqsuwi vji caomfoph. Nezci upi apov qis nupvj (us et vjiz vasp uwis). Ev 95% uddaqepdz, zua xomm emxezt jewi 1 apov inqvz. Zua dep xusl up vjev apov, vasp ov, epf vjip sisipv ov gus vji johjis enuapv.

Ci desigam ecuav zuas itvonevoupt up sipv zua dep hiv. Op vjiti vseptovoupem esiet, vjisi ot ataemmz e diomoph gus johjitv sipv zua xomm edvaemmz hiv sihesfmitt ug vji dupfovoup ug vji apov. Vjisi esi vjopht zua xupv ci ecmi vu onqsuwi (moli vji vipepv ceti ug vji caomfoph epf vji tassuapfoph esie).

Huuf madl!

 

[hatterasguy]

O jevi "vseptovoupem" esiet, us xjeviwis vji QD xusf ot vjiti fezt.

ONJU O moli tvsuph noffmi dmett vu wisz johj ipf tvagg.


Vji vseptovoupem esiet O dep vjopl ug op nz dovz jewi ciip vseptovoupem topdi nz hsepfgevjis xet hsuxoph aq op vji 20't epf 30't.

 

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