Hello @Mary june MartilloI've been contacted by dozens of investors looking to do conversions in NYC but very few actually pan out.

Basically you are spending a large sum of upfront money and hoping you get an roi on that, my understanding though I really don’t do that type of marketing is it was a good payoff if less than you would think based on total sales volume in the before times, but again as conversion rates fall it’s become harder to justify.

Feel free to reach out and we can have a conversation.

If you have the checkbook and stomach for renovations, there are some serious value add opportunities on older properties as well.If you're just looking for a low price point, that is a different conversation. 

Thank you all for the feedback.We will be having a conversation with our PM regarding the grill fees.

Start the conversation there, start kicking the tires, and let's get this thing going!

It has worked for me and my family and I will continue to look to buy similar properties in similar areas as opportunities rise.I'd be happy to continue this conversation. 

To add to the conversation, here are some of the minimum requirements you will be dealing with on the private lending/financing side.1-4 Unit Residential• 80% LTC max (20% down payment)• No experience required• $75k minimum property value• $50k minimum loan amount• 660 FICO5+ Unit Multifamily• 75-80% LTC max (20-25% down payment)• No experience required (program options will be limited if no experience)• $350k minimum property value (lower values possible, must have experience)• $250k minimum loan amount• 660 FICO

Hi All,
I'm seeking advice and connections regarding a property project in Palm Beach County. My partner and I are looking at a 10+ bed assisted living facility that was originally a 3-4 unit property. Our goal is to...

Hello Nick,Thanks for starting this conversation/forum, I wondering some of the same things you are about R2R.