The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

I recently watched a video of a social media guru suggesting in 30 days he could have a team in place in any market in the country and be up and running with a successful real estate business.

Also makes it easy for each individual to maintain their own info in multi-owner scenarios.

An immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

I don’t know if innovative per se, but I’ve been investing with smaller amounts (5k-25k) into large multi million dollar projects by leveraging the investment club model.

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

It works with small multi family properties. 

Investment Info:Townhouse fix & flip investment. 26 Pilling Street is a multi-family townhouse located in the Bushwick neighborhood of Brooklyn, New York.

I want to put the smallest possible down payment down with an FHA loan on a multi unit.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.