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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!
Diversify your holdings and earn an inflation-proof income with Monetary Metals:
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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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By: BiggerPockets Title: How to Turn $6K into $200K Using the “Condo” Real Estate Strategy Sourced From: www.youtube.com/watch?v=e1q1zYFGwBc
