In this training you will tackle the process of Apartment Conversion including converting land to condominium parcels, the advantages or disadvantages of doing so, and when you should rent the land and when you should sell it. We will teach you about financing condominium projects and its challenges, fractional mortgages, and accelerated repayment schedules.
During the Apartment Conversion segment of this three-day training, you will learn the following:
- How to prepare condo budgets
- How to calculate condo fees
- How to anticipate condo challenges
- How to understand terminology such as unit factors, common areas and exclusive usage
- How to resolve condo disputes
- How to perform due diligence on corporations and condo bylaws
And if that's not enough, this course will also cover:
- How to syndicate land
- The process of syndication
- How to syndicate through partnerships
- How to syndicate through joint ventures with a vendor or other individuals