Reply To: Acquisition – Need Advice!

[Dan Arnett]

Total newbie, but the biggest “unknown” to me is what level of confidence do you have that the rehabs will put the building at where it appraises for what you need it to in order to clear the hard money? And I do not mean that crappy, I just think that sometimes commercial buildings and appraisals are not as cut and dried as residential ones can be. Additionally, and I default to the veterans, is it an option to consider retooling the new equipment in phases so that you can see if its worth it without such a payment at first?