How did you find this deal and how did you negotiate it?

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

Quote from @Jaycee Greene: Financially, I'd only do it if you could convert to a 3x1 AND get at least 50% higher rent.I dont see getting 50% more.

I'm not following you, can you explain in more detail?

You want to make sure that the developer can perform and that the type of development proposed is needed in the market and that the neighbors don't oppose the project.

There is also Niagara Falls, Ontario which seems to have a more consistent flow of visitors throughout the year.

Glad to have you, Renee!

👀Broken down by Denver metro cities, see which month YOUR city had the highest median home price in 2024....✅ Denver - April - $610,200✅ Westminster - April - $570,000✅ Arvada - June - $655,000✅ Thornton - June - $560,000✅ Lakewood - June - $605,000✅ Englewood - July - $600,000✅ Morrison - June - $968,000✅ Conifer - January - $872,500✅ Evergreen - April - $1,200,000✅ Golden - May - $1,025,000✅ Littleton - April - $680,500✅ Parker - July - $715,000Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.But, if all remained constant, this gives you a ballpark idea of time of year to net the most money

If you are calling the licensed person off the radio AD a lot of money.

For example, in Dec I had one property 100% direct/VRBO which historically 40% Airbnb.