
7 March 2024 | 1 reply
I initially bought it in 2016 and converted the carport into a one bedroom studio where I lived for a couple years Airbnbing the main house.

7 March 2024 | 5 replies
Would really appreciate recommendations for an expeditor and or architect to file for converting an SRO building we just recently bought in Brooklyn to a 2 Family.

8 March 2024 | 5 replies
However, if there is no active license, you can go to zoning permit documents and check if they have ever recorded it being built as a triplex or converted into one.

8 March 2024 | 3 replies
https://www.1031exchange.com/converting-property/

9 March 2024 | 26 replies
Please feel free to check out my profile for more details on the investment, but we were able to spend 1 year slowly renovating the apartments as tenants moved in and out, invested heavily into leasehold improvements (long-term fixed like HVAC, water heaters, exterior paint, property drainage, etc), converted month-to-month tenants to annual leases, and raised rents to market.

9 March 2024 | 17 replies
It doesn’t show if you are looking at the reviews as an owner (that’s still 5 rating) but if you look at the properties as a guest, it converts it to a 10 point system.

8 March 2024 | 1 reply
As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

8 March 2024 | 14 replies
., there are lenders who do fixed 30 year DSCR loans and some lenders who do a 40 year fixed term with 10 year interest only converting to a 30 year fixed for purchases and refinances.

7 March 2024 | 0 replies
How much on average per room could I expect for a hotel being converted into a multifamily with 1-bedroom units.

7 March 2024 | 10 replies
Second, look at converting to all electric.