@@SpiroKoulouris No. You can raise rents without renovating. You can also wait for leases to expire and then renovate. But no one renovates while the units are actually occupied
Good question. What about when you are doing a full remodel of the multifamily building. Do you have to eat up a whole year of renovations and full vacancy, and not be able to stash tenants or do you slowly fill them up as each unit is renovated?
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Great video. Thank you.
Glad you liked it!
@@therealestategod You're a game changer. I can't stress that enough!
This was excellent
Appreciate it!
Did he hire a GC to run the renovations? Was he physically located near the property or did he manage the reno from a distance?
Yes he hired a GC
How do you renovate units when they are being occupied?
You don't. 8 of the units were vacant here.
@@therealestategod On the Rent Roll Stabilized it shows rent increases on all units. So he didn't raise rents on the occupied units, right?
@@SpiroKoulouris No. You can raise rents without renovating. You can also wait for leases to expire and then renovate. But no one renovates while the units are actually occupied
Good question. What about when you are doing a full remodel of the multifamily building. Do you have to eat up a whole year of renovations and full vacancy, and not be able to stash tenants or do you slowly fill them up as each unit is renovated?
How did he siurce the capitsl to fund this deal in its entirety? LPs? Bank?
Seller financing and his own equity
How was the deal sourced? Loopnet? Broker?
Believe it was off-market, forgot if it was direct to seller or through a broker though
How did he capitalize the GP? Did he Co-GP or self fund?
He self-funded this one
AbouyHow much money do i have to start with your program
I generally recommend having at least $50k or being able to raise at least $50k from investors
Might be missing something but why is his equity so high if the seller financed 90% of the deal?
Because the renovations and reserves were funded with equity
@@therealestategod right. TY