Hi, I am new to BiggerPockets. I already have one investment property in my pocket.
It was a very hard journey for me at the beginning because I was definitely not prepared for a lot of things but my first property and I survived unscathed. Fast forward, I forced myself to learn how to do a bit of everything in regards to construction from demolition, framing, basic plumbing and electric, drywall, flooring, tiling for kitchen and bathroom, to the finishing touches. All because I learned my lesson the hard way; knowledge is everything. I definitely developed a deep appreciation for construction done right for it translates into beautiful results design result, etc.
Plus, I am deaf in both ears. Communication barrier is something I struggle with on a daily basis. I just always push myself to find a way to get around it.
Now, I am considering converting a SFH into 2-Unit condo building. Most likely to sell for profits than to keep as rental properties.
I found a SFH for $600k. I want to ask around here if there are people who have done this before. What's the construction budget you had for this kind of condo conversion project? How much did you actually spend / pour into the project? What did you sell these two units? In your experience, was it all worth it?
I definitely know what to do if I were to keep it a SFH, but it's in RF-1 zone, so I want to consider condo conversion and make sure I am prepared for it as well.
Thank you in advance!
