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Updated almost 2 years ago,
How do you run the numbers for a condo conversion?
I'm new to investing in DC, and I've noticed that some properties are priced with a potential condo conversion exit in mind. Can you advise me on how to find the After Repair Value (ARV) and comparable sales for a potential condo conversion? Additionally, do you have any suggestions on who I should target as potential buyers for this type of project?
Thank you.