Corey Conklin
Has anyone converted a hotel into MTR?
I have an opportunity to acquire a smaller hotel (56 rooms) that needs a full renovation in a smaller market in Oklahoma (town of about 30k people). It seems like this door count wouldn't work well to convert it back ...
Anthony H.
Converting Single Family into a Multi-Family
Hello,Looking for a contractor with experience converting a single-family home into a multi-family. Has anyone had experience doing this? It would convert the basement of a 3K-4K sqft home into a garden unit. Total un...
Shawn Adderly
Converting Basement unit to legal third unit
I recently bought a multi-family property in Chicago. I am looking to have the basement be made into a legal third unit. I would like to have the basement redone to have a separate heating system from the 1st floor un...
Account Closed
Convert basement into ADU or another unit?
My wife and I are currently looking at townhomes in DC. Every house that we're looking at has the zoning code that allows for a second unit. Would it be more beneficial in terms of equity when we go to refinance to pu...
Matt W.
Best use for converting wasted storage space?
I'm looking at a two story house that is currently a 2/2 1300 sq ft living area, but all that 1300 area is on the top floor. The ground floor is also about 1300, divided between a 450 sqft garage and a 850 sqft storag...
Chris Shaw
Converting my first house into a rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $335,000
Cash invested: $1,000
The first house that I lived in for over three years. I am in the process of purchas...
Russell Sherman
tax question when converting SFR to rental
I moved out of my home in November 2022 and turned it to a management company. They put it on the market November 10 and it rented for December. On 2022 schedule E my accountant had fair market use as a rental as 36...
Dan M.
Converting a rental to a primary residence
Hello all,Has anyone done this? If so what are some things to consider. My biggest question really is do you have to pay back expenses and depreciation on the conversion, or does the basis just stay lower when you go ...
Josh Turansky
Convert Baltimore Row House to Multi-Family
I am looking for insights and experiences with turning a Baltimore City single family row home into a multi-unit property. This is our current 3 bdr residence in SE Baltimore and I could make more money converting it ...
Seidy Lasker
Dissolving Partnership & Converting to S-corp
If a partner in a partnership wanted out, would the partnership file a final year return and then convert the LLC to an S-corp or would filing a final year return cause the ein to terminate and the partnership would n...