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4 ways multifamily developers can attract Baby Boomer, Millennial buyers | Building Design + Construction

Trending options [for boomers] include maid, laundry, meal and personal valet services … tech-enabled smart lighting that supports natural circadian rhythms; and biometric security and alert systems … Though Millennials have less money to spend, they’re more flexible and adept at making trade-offs. They weigh unit size against other assets—especially location and quality of amenities.

Source: 4 ways multifamily developers can attract Baby Boomer, Millennial buyers | Building Design + Construction

Improve Your Business Real Estate

Is the real estate for your business enough capital improvements?

Is the real estate for your business capital that can benefit from Capital Improvements?

You can use some capital improvement if you own your own small business. Just as it’s generally more cost-effective to own your home rather than rent over the years, so it is with commercial real estate if — and this is a big if — you buy at a reasonably good time and hold the property for many years.

Become your own landlord for your business operations…

Smart move: Many real estate investors are involved in other activities as their primary source of income. That’s why lenders want them to have at least 25% equitable position in purchasing new properties. Ironically, many business owner/operators come to realize the benefits of real estate investing but miss the single greatest opportunity that is right before their eyes — the prospect of being their own landlord. Rodwell Building Services has conducted capital improvements for many business owners that they should purchase the buildings occupied by their own businesses and essentially pay the rent to themselves. If you own a business that rents, do yourself a favor — consider becoming your own landlord! Go to Choose Rodwell Building Services for more information.

William, I should say, Mr. Willie because he has been mending leather products at that little store for over 35 years. Well he is been there for as long as I have lived in the Washington, DC area.

Mr. Willie had a smile on his face all of 2015 because he had finally burnt the mortgage note on his store and did not have to write that $481.00 check every month anymore. He was relieved and started to redecorate his shop a little at a time. Each month in 2016, you could run into him at the local hardware center. One time he asked me to find him Storefront designer/artist. He wanted to do something new with his store to make it more modern to attract more people now.

“People don’t need to repair their leather goods these days,” he uttered to me while we walked down the corridor of shelving materials. He was looking to put up some shelving in his shop to showcase the types of leather products he repaired over the years. I didn’t believe his business needed improvements. After all, I was a faithful customer and he would tan and dye my leather coat and clean my suede shoes every spring. Now that he is not paying a monthly mortgage payment he should be better off or even start to relax.

“Not So!” He set me straight right away. “My accountant gave me the whole deal when I filed taxes at the end of 2015,” he held his head down and shyed at me.

Yes, with the no monthly mortgage payment he made more gross profit and would realize an even bigger tax liability. It’s even more incomprehensible that he had no winning for losing his mortgage payments.

It happens to a lot of small business owners. When it comes to showing a profit, the small business owner should reinvest in the business. If a small business owner pay taxes on the profits annually and pay the capital gain taxes when they exit the business, they would lose all the benefits of being self-employed. Mr. Willie learned to be the landlord of his leather goods operation and increased his product lines to include purses, sandals, wallets and bags.

The next time I went to Mr. Willie’s store was my first time going in without something for him to fix for me. I went behind the counters and way back into the rooms behind the scenes. I was amazed that he did not actually live in the back of his store and has been affording a home off the site of his shop. We must have sat and chat for 10 to 15 minutes then it dawned on me that he was to restructure ownership of his business and his holdings.

Mr. Willie’s leather goods and tannery should always pay rent for the space it operates in. That way the cost of doing business would have remunerate the mortgage and in turn pay him personally now that the mortgage has ended. He would pay the fees on his personal income but it would help him acquire a more luxurious home, now that his business can employ others.

All those Capital Improvements are for you and everyone to use in your small business. It goes for any type of small business too. In Mr. Willie’s case he had an operational business that occupied his owned space so he had to become the landlord to see the distinctions. For Mrs. Lovell’s business, she owns a 4-unit row house that her and her husband bought a long time ago. Now that it’s just her running the housing business that is also her primary residence, she is having a difficult time improving the property to attract more affluent tenants. That won’t be for long because she has scheduled a FOCUS Consult with RodwellBuldingServices™.




Adams-Mason House
Price $4,350,000 Lot Size 0.07 AC
No. Units 8 Building Size 7,997 SF
Property Type Multifamily No. Stories 4
Property Sub-type Apartments Year Built 1812
Apartment Style Mid Rise APN / Parcel ID 1198-0073
Building Class A Walk Score ® 96 (Walker’s Paradise)
Sale Type Investment Transit Score ® 72 (Excellent Transit)
Cap Rate 5.28%
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Adams-Mason House

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Multifamily Property For Sale

1 of 4 on Mellon Street Available

Price $500,000 Building Size 2,848 SF
No. Units 4 Gross Rent Multiplier 7.06
Property Type Multifamily No. Stories 2
Property Sub-type Apartments Year Built 1942
Apartment Style Low Rise Zoning Description R3
Building Class C APN / Parcel ID 5996-0040
Sale Type Investment Walk Score ® 71 (Very Walkable)
Cap Rate 8.65% Transit Score ® 63 (Good Transit)
Lot Size 0.11 AC
Multifamily Property For Sale

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Multifamily Property For Sale
Price $1,200,000 Building Size 3,488 SF
No. Units 4 No. Stories 2
Property Type Multifamily Year Built 1942
Property Sub-type Apartments Zoning Description R4
Building Class C APN / Parcel ID 4079-0242
Sale Type Investment Walk Score ® 75 (Very Walkable)
Lot Size 0.08 AC Transit Score ® 57 (Good Transit)
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Multifamily Property For Sale

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