Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply
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 your experiences.
Most Popular Reply
Greg Dickerson
#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
- 4,408
- Votes |
- 4,756
- Posts
Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
This can be a great strategy depending on location and cost to convert. You can also run the extended stay model and charge weekly and monthly or more long term. This is sort of a micro apartment / short term rental play. One thing to pay attention to is zoning. You want to make sure there are no issues with city or county regulations.