How to Turn $6K into $200K Using the “Condo” Real Estate Strategy

How to Turn $6K into $200K Using the “Condo” Real Estate Strategy

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There’s one real estate strategy that can instantly increase your home’s equity by hundreds of thousands of dollars for just a few thousand dollars in costs. This strategy is becoming increasingly common as big cities struggle to bring enough housing units to market, and you can take advantage. With the “condo” strategy, landlords can “condominiumize” separate units, turning each into its own home for sale!

James Dainard recently did this with a duplex, and this one move alone is about to make him an extra $200K! If you own a multifamily property and are in a city where these condo conversions are allowed, you, too, could be sitting on hundreds of thousands in extra equity you never even knew about. So, how do you get started with the “condo strategy”? Stick around; we’ll show you EXACTLY how to get it done!

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The Ultimate Guide to Investing in Condos and Townhomes:
https://www.biggerpockets.com/blog/2016-05-27-ultimate-guide-investing-condos-townhomes?

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Should You Invest in Condos? Here’s What to Know First:
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00:00 The “Condo Strategy”
01:02 Sponsor: Monetary Metals!
01:56 How to “Condo Off” Units
05:18 Picking the Right Properties
06:40 Turning $6K into $200K!
09:13 Renovations
11:10 Cash-Out Refinancing
12:35 LOTS of Exit Options
13:43 The “Condo Strategy” Recap


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