“Good Bones” - What Does It Mean and How Can It Be Applied to Real Estate Investing?

The phrase “Good Bones” as it pertains to industrial properties describes a building with universal characteristics, a solid roof, a usable parking lot, and a functional mechanical system, but may need things such as interior paint, floor sealing, and a basic landscape clean up. Investors look for these types of properties because due to its low curb appeal, it is often under priced relative to other comparable buildings in the market. An Investor may purchase a building with “Good Bones” and fix it up in order to lease it back out for a favorable return. Looking for two investment properties with “Good Bones” in Plymouth, Michigan? Please message me directly.