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I must give myself a small pat on the back for the hours and hours of work that went into putting this deal together. We still have a ways to go with the project, but me and my investor have made a HUGE step in turning this complex around for the best.
The Brandywine Condominiums have had a great deal of bad press lately with rentals not being paid and units being boarded up. Several months ago, the condominium complex had 16 of its 298 units burned down. Originally, the project on Darryl Drive was designed for apartments, but was converted to condominiums in the 1980s. The units were not separately metered, meaning the condominium dues had to include utilities. But when condominium dues were not paid utilities were cut off in many of the units, causing tremendous controversy and resulting in irate tenants allegedly burning down two of the buildings. Recent closings might end the controversy.
DOX Apartments purchased 152 units on Monday, and intends to purchase another 37 units in the next 30 days. Three agents brokered the property with Keller Williams Red Stick Partners: David Vercher, Tim Houk and Michael Cahill. According to Houk, there were five sellers and two closing attorneys involved. Kevin McCleary of McCollister, McCleary & Fazio closed 78 units, and Jacque Favert at Title Plus closed the remainder of the units.”
If you are interested in working with a Baton Rouge area Realtor in investment property, I just posted a blog on active rain about some properties in our area. I would regurgitate it here but its much easier to go read it there There are some good deals on foreclosure properties. Contact me with questions!
Good Morning all! I have been doing quite a bit of research and spending time on social networking sites such as active rain, twitter, and so on. I wanted to step out of the box a little and find some new ones that you may build a niche in before they got TOO big. Here is a list of 10 that are making waves:
1. Entrepreneur Connect – Started by Entrepreneur magazine this one is specifically for entrepreneurs and small business owners. You can use this to connect to vendors and service providers.
2. Partner up – This is a social network for entrepreneurs who are searching for people with business opportunities. There is a lean towards commercial real estate on this one, but it is much more.
3. Start up nation – really creative and a bit more user friendly. Lots of forums, blogs, and podcasts.
4. LinkedIn – Can’t leave this one off any list. Large following and can be used to find a job, build a network, or brand yourself.
5. Biznik – Brands itself as the “social network that doesn’t suck” ahha. Good place to share ideas
Great opportunity to buy 1.449 acres of prime commercial land on busy La Hwy 42. Priced reduced to $225,000. 235 FOOT OF FRONTAGE! Great potential for a small business or office. Also has 90 ft of frontage that could be used from an adjoining property. MOTIVATED SELLER! Will consider all offers. Call for more details.
Just wanted to let everyone that uses my site to search for baton rouge homes, I have made some changes. I added some new content and I will be adding an AWESOME new search feature by Wolfnet. This should be a major improvement from the current one. Thanks for following my blog and have a great weekend.
Buyers and investors this is the opportunity to walk into a true TURN-KEY operation. This car lot is in pristine condition with all available computers, phones, office furniture, etc. Could be easily transformed into any type of business such as paint or body shop.Conveniently located close to the parish line of East Baton Rouge and Ascension on busy stretch of Airline Hwy. Listed at $799,000.