Hi. General question... Any investor or developer buy raw land lot (zoning code G) and go through the process with the city to convert to commercial use? I understand it varies from city to city. What is good success ...

I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move.

You're wasting hours of your time driving and walking around stores looking for the right lights to fit in your project when you should be looking for more deals.2.

@Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

Hand them out to your cashier at the grocery store.

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.

Most hosts have a closet where they store extra supplies, so yes it's very important o have a locked supply closet.Hope this helps!

Multiple vehicles of storing money; fixed income, equities, crypto, alt investments, real estate, etc.What avenue makes the most sense for you to get into real estate?

Do not have this conversation hungover.

This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.