Your Financial Pharmacist YFP Real Estate Investing 45: Deep Dive: Investment Property Renovations - Case Studies (Part 2)
Feb 19, 2022
31:01
Nate Hedrick and David Bright discuss case studies in this week’s deep dive into investment property renovations.
Key Points From This Episode
- Recapping the last episode's main points.
- A brief background on David's property including location, rent, and how he found it.
- Nate updates us on a tricky point-of-sale inspection required by the community.
- Talking structural safety and Nate's big unknown wild card.
- What he has planned that will make this property stand out from the crowd.
- About Nate and his wife's agreement to make every rental something they would live in.
- He explains his BRRRR strategy plus two things to really make the property bulletproof.
- Moving on to David's property, we hear about the solid bones of his investment.
- Why, in his case, the cosmetic rehab is tougher than the safety side.
- David talks us through his overall rehab cost target.
- The advantages of the built-in equity on a conventional loan.
- The dangers of over-improving on a rehab.
Links Mentioned in Today’s Episode