Real estate, property management, an opportunity....

[Ruffdaddy]

Isn't paying for school losing money to develop skills you need?

First, thats a pretty bad comparison. This is more like throwing money in the stock market without knowing how it really works. And this stock market has a lot of possible skeletons in the closet.

School is more like taking the slow99 approach and learning how to make money off of something youre passionate about then going balls deep.

Second, I never said dont try it, i said dont expect to make money off it on your first go.

[Broncojohnny]

Why put your money into it? Just ask the old lady if you can manage it, ask her if she has any money to put into it to improve the leasing potential.

Unless you have an equity stake in the property, you stand to lose everything you invest very easily. Unless the upside is huge on your sublet opportunity then it doesn't justify the risk in my opinion.

[abecx]

There is a reason why it isnt being leased out, pure laziness is probably not it. If there was a dollar to be made, someone would be trying to do it already. Good luck though, never know till you ask. I would do what BJohnny said, limit your exposure and just offer to manage it if you can take a cut of the profits after what you put into is returned, at the very least you'll have more information to bargain with instead of showing all your cards from over eagerness.

[Tremor14]

I wanna float this...

[Tremor14]

Why put your money into it? Just ask the old lady if you can manage it, ask her if she has any money to put into it to improve the leasing potential.

Unless you have an equity stake in the property, you stand to lose everything you invest very easily. Unless the upside is huge on your sublet opportunity then it doesn't justify the risk in my opinion.

When you broad runs the show...

[Frank]

When you broad runs the show...

Ha! Not MY old lady. He is referring to the property owner, but I like the way you think.

[Tremor14]

I riot to log out of my lincoldboy ackont

[LANTIRN]

Have you asked svo?

[Sean88gt]

Renting rented property out seems like a fast way to fail. Property management is likely a better idea, and a lot of times any updates are left to the tenant.

[Frank]

Renting rented property out seems like a fast way to fail. Property management is likely a better idea, and a lot of times any updates are left to the tenant.

And that may be another way I could approach it as a property manager I suppose.

[bcoop]

This sounds like a lose/lose all the way around. Not worth the hassle on any front.

[Gasser64]

I don't do business with friends. I don't make friends with those I do business. I wish it didn't have to be that way, but once you get friendly, they are more apt to put you on a back burner or let things slide figuring you'll be more patient.

What sucks is when they get all butthurt that you won't do business with them, or stick your neck out for them. When all they've ever done is prove they're incredibly irresponsible with money. Ok sorry rant over

Ahh i see so you do have a little real estate experience..

You're an idiot.

And that may be another way I could approach it as a property manager I suppose.

Thought about just buying the place and then leasing it out? It sounds like you may be able to get a good deal on it, given the condition of the building. I like talking about this stuff because I want to be a real estate investor as well.

[bcoop]

thought about just buying the place and then leasing it out? It sounds like you may be able to get a good deal on it, given the condition of the building. I like talking about this stuff because i want to be a real estate investor as well.

the owners do not want to sell this building or split up the property as i understand there is some grandfathering of some kind of benefit that allows them to continue their business.

you're an idiot.

^^^


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