Bryan Satter
Converting motel to apartment complex
I recently put under contract a 20-unit motel in rural Tennessee with the intention of converting the units to studio apartments. The fix ups (that I know of) include adding kitchen efficiencies to each, replacing ca...
John Boy
Depreciation Recapture (and Condo Converting)
Hi Guys, So I am trying to (finally) figure out the truly correct way to calculate my taxes on an underperforming 2-family property I'm going to sell soon (for purposes of below, I plan to sell in June 2015 and have ...
Taylor Davila
Converting single family into multifamily
What is the average cost of converting a single family home into a duplex? Not adding any additional living space, just dividing the two units, putting a kitchen in one of them, and probably not having to add a bathro...
Account Closed
Converting Primary Residence into Rental
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...
Account Closed
Converting Primary Residence into Rental
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...
John Chavez
Primary house converted to Rental
I purchased a house as primary and lived there for 3 years and then converted that to rental property for 1 and half years and then sold the property. The difference between purchase price and sale price is over 100k....
Charles Kao
Converting hotel to apartment building
Has anybody converted a hotel to apartment building. Any caveats of things I should look out for that may be unique to this transition?
Tim Johnson
Lending for equity / convertible notes
Has anyone seen an example of a lender combining debt with equity on a real estate deal? e.g. is it possible for someone to lend $100k on a deal in exchange for, say 6% interest rate plus 10% share of profits?Related:...
McKenzie Stouffer
Full Renovation converted to STR
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $55,000
Cash invested: $65,000
Sale price: $140,000
First complete renovation all but reframing--new electrical...
Sol Romand
Convert medical office to residential
To all the wonderful BP friends! I've got a mixed use building with a vacant 5200 sg ft. medical space on the first floor. It's in on a Main St in an small town in NJ. After sitting vacant for a while I'm entertaining...