1.  What is a condo conversion?

A condo conversion is the process of legally subdividing a multi-unit residential building into individual units. The conversion must first be approved by local authorities based on the property meeting a number of ownership and building requirements. 

2.  What is a TIC (Tenants in Common or Tenancy in Common)?

A TIC is a form of home ownership in which two or more people jointly own a multi-unit residential building. TICs are similar to condominiums, but there are important differences: TIC owners own a percentage of an undivided property with exclusive rights rather than an individual unit.

3.  What is a condominium (condo)?

A condo is a form of real estate ownership in which a property is divided into several units that are each separately owned, with the owners having a proportionate interest in the common areas

4.  What are the benefits of a condo conversion?

Condo conversion offers people who might not be able to afford a single-family home an opportunity to own their own condo home, unencumbered by other owners. In addition, condo conversion historically provides many financial benefits, including higher property values, increased cash flow, access to lower interest rates and more favorable loan terms, and greater financial security.

5.  Why should I invest in a condo conversion as opposed to another form of investment?

Real estate offers tremendous opportunities to build wealth. More millionaires make their fortunes in real estate than in any other industry. Condo conversion is not merely a passive investment like investing in the stock market or waiting for a property to appreciate over time. It is an active choice and a wise investment strategy that enables your money to work for you to multiply the value of your property.

For example, if you invest $100,000 in a stock and the stock increases in value by 5 percent, you will earn $5,000. However, if you invest that same $100,000 into your property to convert a $1.5 million duplex into condos, the value of each unit could immediately increase by an estimated 20 percent, or $150,000 — a total profit of $300,000. Your return on investment, or ROI, would be 200 percent as opposed to just 5 percent.

In addition, housing appreciation is more valuable than the same rate of growth in stocks and other forms of investments because housing appreciation is based on the value of the property, not on your investment in it. For example, if you invest $100,000 in a stock and it increases in value by 5 percent, you would earn $5,000. However, if you invested the same $100,000 as a down payment on a $500,000 house and the value of the property appreciates 5 percent, you would earn five times that amount (leverage), or $25,000, plus the increase of profits after condo conversion.

6.  When is a good time to convert a TIC to a condo?

One of the unique features of a condo conversion is that it can add substantial value in both a sellers’ market and a buyers’ market, and it can do so in a relatively short period of time. You are not relying on the vagaries of the market; you are making a business decision based on your own financial situation and the intrinsic value of your property. Condo conversions make sense in both an “up market” — like today’s — and a “down market.”

7.  Is a TIC or condo conversion right for me?

Every person and every property is unique, and no two projects are alike. WHITE TIGER can help you determine if a condo conversion is appropriate for your particular situation.

8.  Is a condo conversion risky?

All investments carry some degree of risk, but investing wisely in a condo conversion has generally proven to be safe and profitable. Historically, condo conversions in San Francisco and the Bay Area have resulted in an immediate increase in value and liquidity.

9.  What if my property is occupied by renters or is rent controlled?

Every city has different rules and regulations to protect renters. Some properties are under rent control, while others are not. Most cities have regulations to ensure that renters are treated fairly in the event of a condo conversion. Every situation is different and must be handled with careful attention to local rules and regulations.

10.  Can I do a condo conversion myself?

A condo conversion is a complex process. Those who have converted on their own have found that it requires hundreds of hours of time to complete successfully. Every project is different and must comply with local, county, and state regulations. Sometimes regulations differ in different parts of the same city. Mistakes can be costly and time consuming.

WHITE TIGER’s proprietary FTCC™ program simplifies and accelerates the process. We have the resources and experience to guide you through the condo conversion jungle with maximum efficiency and minimal stress.

11.  How long does a condo conversion project take?

The amount of time needed to complete a project depends on a number of variables, including the availability of professionals and workers, possible legal issues, and the municipal approval process. Careful advance planning is crucial for the successful completion of a project.

12.  Do owners have to sell or refinance after condo conversion?

Once a conversion is legally approved, San Francisco property owners have the right to sell or refinance immediately or at any time in the future. They have the flexibility to take advantage of market trends to position their property for optimal profitability. The regulations in other municipalities may vary. 

13.  What types of buildings are eligible for condo conversion?

Every city and property is different and must be evaluated in light of local regulations. In San Francisco, for example, the "Expedited Conversion Program" (ECP) allows owners of existing 2-6 unit residential buildings to convert if they satisfy owner-occupancy requirements, although they may be disqualified because of prior evictions. But the ECP rules do not apply to two-unit buildings, so waiting times for owner eligibility are shorter. In addition, some existing commercial buildings can be converted into commercial condos that can be individually sold.

Other Bay Area cities tend to have less stringent regulations and buildings can often be converted immediately, regardless of whether the property is owner-occupied or newly purchased.

14.  How much does a condo conversion cost?

The cost of a conversion varies depending on the type of property, its location, and the scope of the project. In San Francisco, where projects tend to be more expensive than in other parts of the Bay Area, typical costs are as follows:

WHITE TIGER charges a flat fee for its ALL-IN-ONE Fast Track Condo Conversion Program™. The fee is based on the size of the property, the scope of the work, time line, and the location of the project.

Regardless of the size and scale of your project, you can rest assured that WHITE TIGER’s proprietary FTCC™ program will pay for itself and leave more money in your pocket. 

 15.  What is real estate development? 

The continual reconfiguration of the built environment to meet society's needs for where we live, work, and play. The re-creation process and need for development is constant, because population, technology, and individual preferences and tastes are always changing.

16.  How do I start?

Start with trust. Call or email WHITE TIGER today to request a NO OBLIGATION complimentary consultation to find out if your property is a candidate for condo conversion. Call: 415-236-2426 or email:

The time is right.The benefits are compelling.We accelerate the process to save you time and money.


Disclaimer: Local rules and regulations governing condo conversions are subject to change at any time. The information presented in this website is based on the latest information available at the time of publication.