Now that I’ve done two smaller projects, I think I’ve learned quite a bit to target something a little larger on the value add side ( i’ve also learned things to watch out for that can quickly increase a rehab budget) Came across this very old set of buildings in my market, and funny enough, it’s an actual flex space property that’s probably older than me, just in pretty beat up shape The seller owns a handful of properties in that market, but he’s the type of guy to just buy & sit on them without ever selling, which causes all of his properties to look very deferred Doing some rough analysis on ChatGPT it looks to be about 20-25,000sqft, some buildings like the dome shaped ones are in pretty rough shape, so I would probably try to demo those and make additional parking while upgrading the others by reskinning the parts where metal is bad and then repainting the entire park to improve curb appeal. Killer location next to high traffic intersection, as well as a Walmart and Lowe’s to make material runs easier on contractors If you were talking to an older owner who is not really in the mindset to sell, how would you go about trying to put an offer together? Would love to hear some ideas

Update on the renovation project I’ve been managing in Louisiana from Austin, TX. This property is located inside a downtown district where the city offered two different grants encouraging owners to make upgrades to their building exteriors For the Facade Grant they covered 50% of the Paint/Labor cost: $5,500 total (we get back $2,750) For the Lighting Grant they cover 100% labor and materials- ($1,750) All in they’re cutting a check back to us for $4,500, so we managed to upgrade the entire facade of this 2,650sqft building for $2,750🔥 ($7,250 before reimbursement) Total in this project so far: -45k purchase -35k in rehab so far -probably another $5k in final punch list items -$85k total -Hoping to hit $2,100-$2,300/mo once leased

Found this deal where the owner is looking to get $65k for his 1,008sqft warehouse that’s cinderblock construction Due to a lack of marketing the property has been on market for 31 days with no activity so I’m proposing the Seller finance a portion of the property to get closer to his desired price. I’m confident I can get $900-$950/mo so this is the offer I sent: -$50k purchase -$20k down -Owner finance $30k at 6% with 36 month balloon -No prepayment penalty and I pay $300/mo If he accepts I’ll only need around $5k worth of rehab (mostly paint) and I should hit around 22% cash on cash return🔥 $950 - $300 (payment) - $200 (taxes/insurance) $450 net/mo (21.6% cash on cash)

What do you guys use to track repairs, timelines, and rough expenses when doing a project? I’ve been using Monday .com recently but curious if there’s anything better?

Anyone use Linkedin to market their properties or post updates about their progress? My boss wants me to be more active on the platform so would love to connect with more members in the group💪 I'll drop my profile link below: www.linkedin.com/in/colton-saucier-5b0935185