http://karenhanover.com/ “It takes money to make money.” It’s a popular saying that’s been around a long long time. And, as regards investing, it’s generally true; not for apartment & multifamily investment, but that’s coming later in this article.
Apartment & Multifamily Repairs & Renovations
http://karenhanover.com/ Cash flow is king in apartment & multifamily project investment. A major component of expense of operation are repairs and renovation. The condition and age of equipment and structures will obviously greatly influence these costs, and there’s not a lot that can be done about this, unless renovation.
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