12 Questions
What was one of the primary concerns Lee had when considering investing in a property?
Time commitment versus potential return
Why did the real estate broker view Lee's decision to act as his own contractor?
Risky due to his lack of experience
What was the primary reason Lee's wife was concerned about living in the building they would own?
She was concerned about dealing with tenants directly
What skill did Lee's profession provide him with, which was relevant to property renovation?
Design and architectural knowledge
What did Lee use to assess the real estate market and property values?
Zillow.com
What financial approach did Lee plan to use to maximize his investment in the property?
Refinancing the property after renovation
How did Lee initially search for properties to invest in?
Online real estate platforms
What feature of the Pinckney Street property was highlighted as particularly attractive?
Historical significance and unique architecture
What was Lee's strategy for managing the renovation of the property?
Acting as his own general contractor
Which factor significantly influenced Lee's decision to pursue the Pinckney Street property?
The potential for high rental income
How did Lee plan to finance the purchase and renovation of the property?
A combination of savings and a bank loan
What was a major concern raised by Lee's lawyer regarding the property investment?
Zoning issues with the local government
Test your knowledge of Lee's real estate investing journey, from searching for properties to overcoming challenges. Learn about the attractive features of the Pinckney Street property and more.
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