Updated over 1 year ago on .
1 family to 2 family conversion.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $250,000
Cash invested: $250,000
A 1 family to 2 family conversion property in East Elmhurst NY.
How did you add value to the deal?
Converting from a 1 family to a 2 family.
Lessons learned? Challenges?
Difficulty working with architecture firms to draw plans, fix them, fix them again, and working to get an inspection from the DOB.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Juan Pina, licensed real estate broker.