Quote Originally Posted by ParisianLesion View Post
Shoot, from the last time I was down on the cut, he's going to be re-replacing the doors and windows that were put in long ago... he left it sitting so long that some of it has been vandalized. Definitely homeless sleeping inside.

This guy is such a dirtbag. That property has so much potential, literally ANYONE else would have had tenants in there by now.

That goes to show that unless one has a tenant lined up or in a build to suit situation,it is pointless to even put an effort in time and money to even try to renovate.

If one were to buy and renovate a building today,with it being empty,how long would it last before being vandalized?

If it is gutted and empty the worse that could happen is it gets burnt to the ground and insurance payoff.

If it is renovated and empty,carrying costs become triple.

It is a catch 22.