- Joined
- Mar 11, 2011
- Messages
- 6
Hello
We have a 12 suite apartment that we are close to finishing renovating...but...... our contractor went delinquent... pretty dismal and we are tapped out of funds..ie loans 2nd mtgs..,... do you think we should sell or look for a JV partner. The building is fairly heritage and it was a tax sale that allowed us to purchase. All the suites are vacant and hopefully fairly close to being completed. We are getting quotes from other contractors to get the final phase done. They will be all 1 bedrooms and we have enough parking
for all 12 suites. Any great ideas..?
If you need more info let us know.
Thanking you in advance for insights.
regards
Jordy
We have a 12 suite apartment that we are close to finishing renovating...but...... our contractor went delinquent... pretty dismal and we are tapped out of funds..ie loans 2nd mtgs..,... do you think we should sell or look for a JV partner. The building is fairly heritage and it was a tax sale that allowed us to purchase. All the suites are vacant and hopefully fairly close to being completed. We are getting quotes from other contractors to get the final phase done. They will be all 1 bedrooms and we have enough parking
for all 12 suites. Any great ideas..?
If you need more info let us know.
Thanking you in advance for insights.
regards
Jordy