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Value add/opportunistic investor
Do you have any experience brokering a deal this undesirable?
How could anyone possibly give you advice on this little information? Why is it 40% occupied? Because it's haunted? Because there is a meth lab next door so no one wants to live there? Because the mold is so thick on the walls it's essentially structural?
Don't take the assignment if you understand this little about your job
I don't think this level of vitriol is necessary.
Not giving an exhaustive description of the scenario doesn't demonstrate a lack of knowledge with regards to broker responsibilities. It seems you just want to fight. Do you have anything of value to offer?
Ozy just welcoming you to the chat
Alright dude, here’s the play: selling this gnarly 477-unit workforce pad from ’69, even though it’s only, like, 40% stoked with tenants, ain’t hella complicated. You just gotta lean into the value-add vibes. This place is a straight-up diamond in the rough, primo for some investor who’s down to ride the reno wave and get pitted in potential. I’m talking buried in trim. Talk up the bones: solid structure, retro charm, all that vintage mojo. Then throw down the vision: evicting the dorks, jacking up rent, and catching that cashflow swell once it’s back to being totally tubular. Just find a buyer who’s not afraid to drop in on a heavy lift for a sick payoff.
OP, you now owe @IsItREPE 50% of all commissions. Good work.
Thank you.
Are you a broker?
What do you use for contact info if it isn't on the company website?
Hella uncool question, bro
I hear Tides principals are buying deals under another name. This would be perfect for a new workforce housing plus execution curing the deferred maintenance and, if one is so inclined, gutting the plumbing and the single pane windows that don't shut.
Thanks for the recommendation.
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