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Don't Be Intimidated by
Government Bureaucracy!
A WomenforWealth.com Interview with Shannan Marty
by Emily Cressey
As any commercial real estate investor can see, there’s big money to be had in the world of real estate development and condo conversions.
If you’re not sure what “condo conversion” means, here’s a quick explanation: A condo conversion is a project in which a real estate investor takes a building (often an apartment building) and converts it into condominiums, which can then be sold off on an individual basis. In many cases, the units can be sold as condos for about twice what they would be worth as rental apartment units.
So, if condo conversions are so great, what’s stopping most people from getting involved? Well, for many of us it’s the red tape and bureaucracy of our local governments that we fear more than doing the fix up work, or finding buyers for our newly renovated units.
If you are a real estate investor who’s considering getting involved in condo conversions, I encourage you to download and listen to the WomenforWealth.com interview with a real estate investor out of Tucson, Arizona, named Shannan Marty. The interview is titled
Condo Conversion A-Z: What I learned from my first Condo Conversion.
I interviewed Shannan – a successful businesswomen who built and ran a Fortune 500 company – to glean the secrets and lessons she uncovered after completing her first condo conversion project.
One of the points I came away with was that it’s not so difficult to complete a condo conversion if you know who to talk to, and who to bring with you for your meetings. Shannan hadn’t done any condo conversions before she remodeled the El Capitan Condos, a project she successfully completed in about one year.
If you would like to learn the ins-and-outs of how Shannan completed her first condominium rehab and conversion, I encourage you to get a copy of the interview in which she explains which government agencies she spoke with, who she brought with her to the interviews, and what unexpected delays she encountered that slowed down her progress.
And also read the other articles that follow in the
Free Articles: Condo
Conversions section.
To understand even more about how Shannan was able to lock up these apartment buildings and then convert them to condo’s, listen to the full interview:
Condo Conversion A-Z: What I learned from my first Condo Conversion.
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