Real Estate Investor · NY · Member since 2008 · 22 posts · 0 votes
I know I just posted but I couldnt wait to ask these questions!! ok...
1) there was a post on apartments v.s condos but I havent seen a post yet on apartments v.s condo conversion. Which one is more lucractive? In todays market wouldnt you have to sell the condos well under m.v or do an option to? If thats the case, which strategy is more lucrative?
2) depending on the location, say near a highway i.e, wouldnt I be able to rent out the air rights of an apartment building to billboards, ads, etc?
3) Did donald make his first billions by developing distressed commercials then later selling off a percentage or am I just making that up? :lol:
4) any ideas as to how I can max my ROI besides renting out air rights on a commercial prop (apartments)?
Sorry guys but I have a sugar rush so until it dies down Ill ask the remainder of my questions.
Thanks,
:lol:
Real Estate Investor · Gainesville, FL · Member since 2008 · 296 posts · 7 votes
18y
I wouldn't base any income projections on leasing billboard space unless you know the local codes applying to billboards.
A lot of major cities have put a cap on the number of billboards. Some require the business to be "on sight"
Another thing to think about is what will happen to your vacancy rate/rent levels when people see that there is a billboard on your property? Will it be good for the image of your complex?
Property Manager · Passaic, NJ · Member since 2008 · 369 posts · 83 votes
18y
I leased roof rights to my residential bldg (4 stories) to a cellular carrier for antenna installation. Of course there would have to be a need within whatever area you are located for this or a dead zone.