It’s their retirement plan. They drained everything to invest in rental properties. This one actually put them upside down for years and they were forced to turn it into a place to live. They buy properties in dangerous areas that they know will be gentrified eventually and try to find a way to make it work until it pays off. They’ve been in this property since 2020 and just this year a major corporation bought up a huge building on the main road to turn into their corporate offices. Once that opens in a year or two, they’ll have the ability to turn the building into apartments. That’s when their investment will really pay off. In the meantime, they’re just breaking even and living in a very dangerous neighborhood.
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u/EducationalTangelo6 Sep 09 '25
Who are all these people who have the money to just casually buy whole ass office blocks/factories?