How to Convert a Single-Family Home into a Multifamily Property

conversion homeconversion realestate realestatepodcast May 01, 2024

 

EPISODE 472In it, we’re sitting down with the brilliant Deena Laugen, a real estate investor who, since 2015, has been turning neglected properties into thriving long-term rentals. With an impressive portfolio boasting 100% ownership of sixteen units, acquired through savvy strategies like 1031 exchange, conventional financing, and out-of-the-box solutions, Deena stands as a testament to her innovative approach.

In this week’s episode of The Real Estate InvestHER Show, Deena will be sharing with us the step-by-step process she has used to scale her business by converting single-family homes into money-making multifamily properties.

She will also be sharing with us her thoughts on the importance of finding the right opportunities for you and your business, how to engage with city planning and zoning departments, the best financial strategies for property conversions, and more. Are you ready? Tune in now!

Key Takeaways: Introduction (00:00)

How to find the right property (01:02)

Is the conversion worth it? (05:49)

How to find your perfect contractor (10:12)

Let’s talk time frame! (12:32)

Are you confident enough for this? (15:52)

The importance of honoring your thinking time (20:14)

Why you should learn to delegate (24:41)

Additional Resources: ✨Join our STRIVE membership program: https://mentorship.therealestateinves... --

✨ Connect with Deena Follow Deena on Instagram:  / deenalaugen  

Learn more about Deena’s work: https://www.deenalaugen.com/ 

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Join our InvestHER Meetups: https://www.therealestateinvesther.co... 

Schedule a discovery call with us: https://mentorship.therealestateinves... 

 

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