Do you lean towards light cosmetic renovations or full gut renovations?

[Aliyyah Carter]

I've been working with investors, and some prefer to do minimal work, while others prefer a blank canvas or a full gut. I'm curious about the reasoning behind the choice of renovations. Are there better returns for a full gut compared to light cosmetics?

[Kyle Ebersole]

Completely depends on what areas you are working with. Personally, I like the lighter flips as you can get in and out, less risk involved, less hold time on your money, less time for the market to shift, etc. Quicker I can get in and out, the less risky it is! But light ones are hard to come by because that is what everyone can do.

If I'm going to sink time and money into a full gut, I want to make sure its for a good return! Where in the Philly area are you working in?