Purchase price: $185,000 Contributors: Corey Griffo This property is a 1920 dwelling that was converted to a triplex in the 70's or 80's.

Our house was originally a 2/1, but the previous owners converted the attic (very nicely-- solid work) to make another bedroom, bathroom, and a small office space.

Purchase price: $190,000 Cash invested: $50,000 Sale price: $335,000 Purchased this condo when they were converted from apartments in an area of Vancouver 12 years before its take off.

According to the listing agent I talked to, we estimated about $200k in rehabs to convert the 3 unit to modern, open concept units with 2 bath instead of 1, and having in-unit laundry hook-ups, but it's questionable if it will raise the ARV by $200,000. 

Our first ( and only ) purchase was a rowhouse converted into 4 units and needing some attention. 

Even if the zoning code says you can build a two family - often people haven't spend the time or money to legally convert it to a two.Other ways to tell are often - unit has only storm windows, one means of egress, and low ceilings.

Downstairs has 2 store front units that I may convert at least 1 back to an apartment if I were to buy it.

The property was originally a 3/2 with garage, but the garage has now been converted to make the property a 4/2. 

It is credibility that converts traffic into leads and ultimately deals.So my friend.I have 2 pills for you.

I’m looking at purchasing a 3/2/0 SFH in Oklahoma that has a detached 750 square foot garage that the previous owner converted into a 1/1/0 apartment.