I know of 3 or 4 buildings that could be bought for below market value, rehabbed and turned into condos at a profit.

I have never done anything like this before but I now have a chance at being involved as a limited partner. My questions are as follows -

I want to do old building to condo conversions, but do you need to offer common grounds and associations/property management services, etc for it to work? Could you just convert the buildings into liveable spaces and offer no grounds keeping, maintenance, etc? If you would have to...could you just sell the units off and create an agreement with a maintenace company then cut ties all together or would you have to remain involved with the property long after the conversion and sales are over?

I think I may be able to put you in touch with a few peoplw who could help you out on this.

Give me a call.

515-453-7429

http://desmoinesdownpayment.com