Here’s a rule of thumb: If you want to reposition a building that’s more than 35 years old, you may be better off reselling as soon as the repairs are done. At that point, the property will look its best. If you keep it in your portfolio, you will constantly be spending money on issues that pop up.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p78
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