Your Financial Pharmacist YFP Real Estate Investing 44: Deep Dive: Investment Property Renovations - 3 Key Considerations (Part 1)
Feb 12, 2022
28:34
Nate Hedrick and David Bright deep dive into three key factors to take into consideration when renovating your investment properties.
Key Points From This Episode
- Why you don’t always have to spend thousands of dollars on a rehab.
- The first foundational factor of running a rehab: structural safety for your tenants.
- A parallel between clinical and building guidelines to ensure safety.
- Why the roof remains top of mind.
- Learning to manage risk during a rehab process.
- Why it is important never to over-rehab a house.
- Why you should always compare rates to other rentals and purchases in the area.
- The importance of finding a balance when you rehab a house.
- How to use online comps as a road map to decide what to do in a neighborhood.
- An introduction to the two case studies discussed in the next two episodes.
Links Mentioned in Today’s Episode