Hi all,I want to know if converting a multifamily complex (over 30+) units to condos would create value versus the midwest cap rate for multifamily.

The one downside I would say is that sometimes you can get properties preferentially financed if they are done on your personal credit versus business credit.

You have to explain the risks in the transaction, their mitigants and also what they are investing in (e.g. equity versus debt).

You will not be able to "write off" your renovation as an expense but could depreciate it, along with the building, and claim a Capital Cost Allowance (CCA) on your taxes.Even once your property is in service, there are guidelines with respect to what activities constitute {current} maintenance and are considered an expense versus those which are considered to be fixtures or improvements to the property and are to be capitalized.Looks like it may be time to find yourself an accountant.

If the Investor broke even during the down turn, then it's more likely the Investor is Good versus Lucky.

I get this question a lot and I'm really not sure of the answer. I've done many land trusts and many LLCs, so it's not that I don't know how to handle either, I'm just really not sure what the benefit of a land trust ...

The listing prices now are insane versus the closed comparable for multi units, specifically 4plexs in Las Vegas.

@Patrick Gilsenan you also have to consider why the numbers don't work in your market versus another market.

Then, just repeat this process.Something else to consider but not recommendedCalculate Your LossCalculate the penalties of renting versus the actual rent.

The total CAM per sq ft above base rents would rise.If most of tenants are mom and pop versus national the tax shock could cause many tenant defaults in the center.