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Episode 128: How to Successfully Deconvert Chicago Condos, With Sean Connelly
Ever wonder what it takes to convert a condo building into rental apartments? Sean Connelly of 33 Realty explains the ins and outs of deconverting condos as an investment strategy.
Sean starts by defining basic terms and the strategy associated with deconverting condos. He then dives into the more technical aspects of underwriting and handling negotiations with owners and associations. Sean closes out the episode by forecasting the future of condo deconversions in Chicago and explains why he is bullish on the "Capital of the Midwest".
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