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Dave:
It was just cosmetic. I didn’t need a ton. So three weeks renovating it, I drove up the rents on that particular unit. I think it was from 1100 to 1400, so that’s another $3,600 a year in income on this property with a relatively cheap renovation and only one month of vacancy. That’s the reason I love this delayed burr is because if you’re going to do it all at once, you sort of have to kick out your tenants and you have risk of just higher holding costs and higher vacancy costs. This way it was very minimal and I could plan it really well. Then I think it was like another six months after that, the other tenant left. I did the exact same thing. Right now, my rents on this property are about $2,800 per month. I think I put a total of 2020 $3,000 in.
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