Which model would help us model a a condominum conversion?
There are so many models out there and I’m not sure which one to use.
A brief overview of the project is as follows:
1) Buy and renovate a building with 160 units
2) Sell the units out to individual investors. (3-5 different types of units)
3) It is not a ground up development, and there is no rental income.
We don’t have a condo conversion model yet on our site. With that said, my co-contributor Michael Belasco’s condo development model may do what you need. While it’s a ground-up development model, you could easily call your acquisition price the land price, your renovation costs your development costs, and arrive at the same place. You can find that model here:
