Today is another AMA episode. Today’s question comes from J who writes:
I’m performing due diligence on an investment opportunity for a conversion of an existing property into a multi-unit property. This is essentially a repartitioning of an existing 3000 SF property into multiple units. The total investment is about $1.5M and the deal sponsor is estimating that the property will be valued at $3M based on the income approach. It’s in an area that is not known for the most expensive properties. What questions should I be asking from a due diligence perspective?
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Host: Victor Menasce
email: podcast@victorjm.com