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The David Greene Show
Live Deal Analysis | Sell, Refinance, or Hold? - Episode 24
Dec 10, 2024
In this engaging discussion, real estate investor Ethan Board shares his journey in building a rental portfolio while tackling a challenging rehab project. He dives into the $85,000 remodel and evaluates whether to sell or refinance for maximum equity gain. Ethan discusses strategies for navigating a low-priced market and finding good tenants. The conversation reveals exciting insights from David's new book, exploring creative ways to enhance property value and capitalize on cash flow, making this a must-listen for aspiring real estate investors.
40:30
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Quick takeaways
- Ethan discusses the complexities of deciding whether to sell or keep a renovated property, emphasizing long-term equity accumulation over immediate cash flow.
- The podcast highlights the importance of strategic renovations to enhance property value, enabling investors to leverage equity for future acquisitions.
Deep dives
Acquisition and Renovation Details
A two-bedroom, one-bath single-family home was acquired, previously owned by the speaker's family and passed through probate for two years. After negotiations with the joint owners, the speaker successfully obtained full ownership of the property, which requires extensive rehabilitation, including updates to heating, plumbing, and electrical systems. The anticipated total investment for rehabilitation, factoring in a purchase price of $10,000 and renovation costs ranging from $85,000 to $90,000, positions the estimated after-repair value (ARV) at around $130,000. The discussion raises the possibility of expanding the property by converting existing spaces, though spatial constraints limit significant additions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode