Buying cash flow business and then developing it into condo highrise?

Has anyone had any experience with buying an operating business with high leverage but then demolishing it and then developing into a high rise condo build? (the cash flows while youre getting zoning approved would help with debt service)

The firm I'm at is considering it and would love to get advice on modeling (UFCF still applies or traditional real estate model? Do I need to build out a balance sheet/three statement model?) or just general resources/pointers

thank you!

106 WSO Academy Real Estate Session Reviews: 4.91/5

Class of '29 Sep 2026 Cohort

5.00/5

Real Estate Career Roadmap (optional)

“Nick was extremely informative and gave me a lot of solid and practical advice. He answered all of my questions clearly and thoughtfully. I really appreciated that he gave me an actionable plan for how to approach recruiting and developing my career in general. He was very open about sharing his own experiences. He also gave me helpful perspective on how to differentiate myself during the recruiting process and make my conversations with professionals more meaningful. I feel like I have a clearer understanding of what I should focus on and concrete next steps. This was overall a helpful and valuable conversation. ”

Class of '28 Aug 2026 Cohort

5.00/5

Real Estate Mock Interview

“Nick was fantastic. He didn’t just glance at my resume and give me generic advice—he explained exactly why it wasn’t telling the story I wanted it to tell, then helped me figure out how to fix it. He pushed me to be more intentional about how I talk about my experience and gave me concrete steps to prepare for interviews, from tailoring my resume to practicing financial modeling. I also appreciated how candid he was. When I asked about real estate capital markets versus sales and trading, he gave me his honest opinion while being clear about his own perspective. He shared interview guides, answered all my questions, and offered to do a more detailed mock interview if I move forward with JLL. I left with a lot of work to do, but also a much clearer idea of how to do it. I’d absolutely recommend talking with Nick.”

See All 11,063 WSO Academy Reviews

1 Comments

MidMarketMcLovin

PE

4y

Most Helpful

Distinctio ipsam expedita est sed rerum quis. Assumenda ea porro porro corporis quibusdam ut neque. Quisquam consequatur unde velit non facilis eos. Similique rem dolorem quos recusandae tempore delectus laboriosam omnis. Suscipit officiis illo aut. Illum corrupti porro tempora porro aliquam exercitationem.

Reply

Quote

Report

Other

Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

+60	What it's like to try and start your own shop and fail	24	1d
+26	Lean acquisitions team at a large owner/operator — normal growing pains or wasting valuable early-career years?	4	3d
+24	10-Year at ~5.25% When Reprice?	7	4d
+9	European Bank RE Debt Modeling Test – Senior Analyst	1	5d
+8	Moving From Dallas to Charleston	10	2h
+7	Would You Sell a Property at a Discount to Avoid Renovation Costs?	2	14h
+3	Insights on MonticelloAM?	1	5d
+3	anyone have a data center/capital markets modeling test to share?	1	12h
+3	Take my price reduction b***h	1	11h
0	Net Lease - What are your thoughts and opinions?	2	5h

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	kanon	99.0
5	dosk17	98.9
6	CompBanker	98.9
7	DrApeman	98.9
8	GameTheory	98.9
9	Betsy Massar	98.9
10	Kenny_Powers_CFA	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Buying cash flow business and then developing it into condo highrise?

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Buying cash flow business and then developing it into condo highrise?

See All Comments - 100% Free

Trending Content - Real Estate Forum