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All Forum Posts by: Cheyenne Jones

Cheyenne Jones has started 2 posts and replied 2 times.

Post: Converting Apartments to Condos

Cheyenne JonesPosted
  • Santa Rosa, CA
  • Posts 3
  • Votes 0

Does anyone have experience converting apartment buildings to individual condos?  For example, if you bought  a 20 unit apartment building  for $300M and converted it to condos selling for $400k each (this is California) sounds good, but what pitfalls should we look for? 

We all have success stories, but what about the costly mistakes, the bad judgement, the failure to understand expenses.. Before I get back into real estate, I'd appreciate hearing from any of you that have made big mistakes.  I'm in Santa Rosa CA  Thank you.