Lara Kimbrell
Hotel conversion to apartments
I have a couple of opportunities to buy nice 1970s hotels for $15-20k/door. The rooms are large enough to convert into studio and 1 bedroom apartments. I would love to talk with those who have done this to discuss you...
Joel Arndt
SFH to Triplex Conversion?
Who here has converted an SFH into a triplex before? What was that process like, specifically compared to a duplex conversion?
Dominick Tanella
Single to multi conversion?
Hi,A house in an A neighborhood recently went on the market in my area that has two separate units with separate utilities. The house is unfortunately zoned as a single family. The lender says he can’t legally lend on...
Huong Luu
Bus conversions (RV) strategy
Hi Fellow BP investors. I was able to negotiate a 5 bus conversion with a contractor. So now I am looking to rent out and/or off load 4 buses. These would be converted school bus or greyhounds, etc. I want to figure o...
Sri L.
Hotel to Multifamily Conversion?
This seems unintuitive to convert a hotel to a multifamily, but from my underwriting it seems for the property I just got into contract (in the mid west) a multifamily conversion seems more lucrative than operation as...
Keith W.
Conversion to Sewer Costs
Any ballpark figures on the cost to convert a cesspool to public sewer?I imagine the costs and rules will differ depending on location but, is it $5k project, $20k, $50k? Would you buy a home with a cesspool?
Dan Chadwick
I'm starting Hydrogen conversions.
After considerable research I'm kicking off a program to do home hydrogen conversions. Across the country the general price for water is about $7/1000 gallons. It takes 5 gallons of water to generate an amount equival...
Andy M
Condo conversion sales question
Hi,
I'm in the process of buying a 3-family and converting it to condos in Cambridge, MA.
I bought the place for 655k. Lets say i sell each unit for 330k and incur 120k in lawyer fees, closing costs, renovations, ...
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Owner financed condo conversions?
What's the scoop on this? Seems like a no-brainer on the right kinds of property.
Anyone here got exp. in this game?
I'm thinking in the 20-30 unit range. Older units. Package the paper and sell off the mortgages to...
Sung Park
Multiunits conversion from SFR
Question for BP lenders. What issues would I run into if I took out a fha or conventional loan to purchase a SFR but then immediately converted it to a MFR? Are there legal consequences to this from a lender perspective?