ilmscore | How to Use Property “Rezoning” to Maximize Your Real Estate Profits

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Topic
Status
Stuart will continue his strategy of developing functionally obsolete properties in Philadelphia, specifically an 18-unit condo project and a 12-townhome second phase, along with other townhome projects in the Mount Airy neighborhood, all of which are already approved or breaking ground.
"I'm continuing to look for opportunities where they have these functionally obsolete properties um Al although admittedly I'm you know not really in a position where I necessarily have to buy more entitlement land because I do have this 18 unit condo project with a second phase with 12 Town Homes which already approved and I'm breaking on a couple other town home type projects in the neighborhood"
Real Estate Development (Philadelphia)
Pending
Stuart intends to re-establish a rental portfolio by acquiring existing buildings for heavy rehabilitation or conversion to residential/multifamily use below replacement cost, focusing on his current target neighborhood, as a counterbalance to his for-sale development projects.
"to kind of counterbalance that I've started to want to build out more of a rental portfolio again kind of got away from that the last seven or so years with my focus on the four sale projects but the cost of construction cost of land it made it it makes it pretty difficult in this particular neighborhood which is where I want to focus for the time being building groundup so I've been looking at buildings that I could do heavy rehab or convert into residential use or multif family use below replacement cost"
Real Estate Investment Strategy (Rental Portfolio)
Pending