I gave this student direction on finalizing their goals, but also some other steps they could take.

@Frankie Lotrec - Did you run an analysis on what the ROI would be by adding a 5th unit and what the overall value of the property be?

Do your homework, build a team, and avoid analysis paralysis.  

Especially when considering the tax implications, current interest rates, and if you don't have another purchase lined up.Happy to send you an analysis and proforma for your properties as they stand right now, kindly reach out anytime. 

Is it like the following:a)  Make an offer on a 5-unit that the Seller acceptsb)  Do my inspections, come up with gameplanc)  Present the lender with final gameplan, once approved then proceed to closing & get the keysd)  Have XX days to convert to a 4plex?

•CoStar (costar.com) – Essential for commercial real estate insights and in-depth data analysis.

For projects with 150 or fewer units, the city has 60 days for eligibility review and 90 days for final approval, including design review.

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

. 🔥 Chris Voss"The Master Negotiator” & Author of Never Split the DifferenceLearn high-stakes FBI negotiation techniques for real estate deals 🏆 Dave MeyerHead of real estate investing at BiggerPockets14+ years of experience in real estate investingExpert in housing market analysis and investment strategyVenue: This year BPCON will be held at the legendary Caesars Palace in Las Vegas.

Risk Mitigation StrategiesThorough due diligence: Always conduct thorough due diligence on any property before investing, including inspections, appraisals, and market analysis.