grandfather passed away, left me some real estate in will(need advice)

[Net]

lucky bastage.

can you take a leave of absence from your job for a long extended period of time?

3 apartment comlex's! how's the profit, I bet they bring in more then your job.

personally I would devote all my time to learning the ropes and managing the apartment complexes.

it seems like you'll be bring in a lot from thoses. personally i would learn everything i could about managing your own business. then later after you know the ropes well i would look into another small business such as a mc donalds franchise, etc...

 

[AlienCraft]

Originally posted by: Phokus
1. Sell them

2. Hookers and cocaine for a couple of weeks!

Fixed 🙁

 

[sdifox]

I thought someone was doing a parody of this thread but it turns out it is a necro thread.

 

[finite automaton]

Wow, reading this thread from beginning to end without any prior knowledge of the situation was a rollercoaster!

Damn, I went from jealous to disappointed 🙁

 

[DisgruntledVirus]

ZOMBIE THREAD!!!!!

 

[olds]

Originally posted by: Perknose

Originally posted by: Alone
$2500-4500/m? Oh dear lord.

OP, I mean Mark. May I call you Mark? It feels right.

It's at times like these that you need the counsel and heartfelt support of a good friend.

I'm willing to be yours. 😉

In all seriousness, I've no doubt you'll get all the professional advice that you will need. Your grandfather was OBVIOUSLY no dummy, and will have set all this up in advance. In fact, I'd bet you know this already, and mainly wanted to brag without seeming to.

Funny thing is, I've got a long time friend in LA in a similar situation. His grand-mom is still alive, but has already gifted him a commercial rental property. Life is good in the land of the sun, no?

Plus, I wasn't aware of any 28 unit apartment buildings in Beverly Hills proper, but it's been 30 years since I lived in LA.

Edit: Holy shite, didn't see the OP date and ignored the twin flashing BS lights of a 28 unit apartment bldg. in Beverly Hills and the OP being left these by a granddad financially savvy enough to have acquired them but not savvy enough to have set him up with meticulous professional oversight.

I suck.

I concur.

 

[Genx87]

Bah stupid old threads.

 

[jemcam]

Originally posted by: tasmanian
Dont sell them. Hire people to run everything for you and you will still make more then enough money on the top to live off.

THIS THIS THIS THIS THIS THIS THIS THIS THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Do not sell now with real estate prices so low. This is a cash cow as people continue to lose their houses due to foreclosures, they still need places to live. This is a gold mine my friend, if you sell them, you're give up a LOT of cash!!!!!!!!!!

I don't know how much money you make, but you can quit working with the amount of cash these apts. will give you.

 

[cheezy321]

Originally posted by: jemcam

Originally posted by: tasmanian
Dont sell them. Hire people to run everything for you and you will still make more then enough money on the top to live off.

THIS THIS THIS THIS THIS THIS THIS THIS THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Do not sell now with real estate prices so low. This is a cash cow as people continue to lose their houses due to foreclosures, they still need places to live. This is a gold mine my friend, if you sell them, you're give up a LOT of cash!!!!!!!!!!

I don't know how much money you make, but you can quit working with the amount of cash these apts. will give you.

The OP better heed this mans advice.

 

[Aharami]

jeez people. read page 5 (posted on 9/27/07). This thread is shens big time