How to Convert a Single-Family Home into a Multifamily Property | Deena Laugen

EPISODE 472: If you’ve ever found yourself stuck with a single-family property that simply doesn’t seem profitable, then this episode is for you! In it, we’re sitting down with the brilliant Deena Laugen, a real estate investor who, since 2015, has been turning neglected properties into thriving long-term rentals.   With an impressive portfolio boasting 100% ownership of sixteen units, acquired through savvy strategies like 1031 exchange, conventional financing, and out-of-the-box solutions, Deena stands as a testament to her innovative approach. In this week’s episode of The Real Estate InvestHER Show, Deena will be sharing with us the step-by-step process she has used to scale her business by converting single-family homes into money-making multifamily properties. She will also be sharing with us her thoughts on the importance of finding the right opportunities for you and your business, how to engage with city planning and zoning departments, the best financial strategies for property conversions, and more. Are you ready? Tune in now! Key Takeaways:  Introduction (00:00) How to find the right property (01:02) Is the conversion worth it? (05:49) How to find your perfect contractor (10:12) Let’s talk time frame! (12:32) Are you confident enough for this? (15:52) The importance of honoring your thinking time (20:14) Why you should learn to delegate (24:41) Additional Resources: ✨Join our STRIVE membership program: https://mentorship.therealestateinvesther.com/ --  ✨ Connect with Deena Follow Deena on Instagram: https://www.instagram.com/deenalaugen/ Learn more about Deena’s work: https://www.deenalaugen.com/ --  ⚡ Join the InvestHER Movement Get your ticket for InvestHER CON 2024: https://www.therealestateinvesther.com/investhercon Join our FREE Facebook group for women in real estate: https://www.therealestateinvesther.com/facebook-community-group Join the InvestHER Community: https://www.facebook.com/groups/therealestateinvesther/ Apply for your STRIVE Membership here: https://www.therealestateinvesther.com/membership Join our InvestHER Meetups: https://www.therealestateinvesther.com/meetups Schedule a discovery call with us: https://mentorship.therealestateinvesther.com/ -- The Real Estate InvestHER Show is a podcast by women for women all over the world who want to learn how to invest in real estate, grow their portfolio, and develop the mindset that allows them to run successful businesses while taking care of their families and – most importantly – taking care of themselves. Follow us for more!