I am a new investor and I want to buy a six unit property in Atlantic City the property is being sold at $475k I’m offering $450k 5 units are rented and one is vacant and it needs work I leave in the area and I own a home remodeling business so I can do the work myself for very low cost.

Purchase price: $280,000 Cash invested: $125,000 Acquired on the market, this 4-unit rental needed a full remodel, creating a perfect BRRRR opportunity.

IMO you really can't generically ballpark a basement remodel because there's just so many moving parts you need to put eyes on first.

I remodeled the house I made sure to take care of things.

I own and operate a high-end full service remodeling company in the Phoenix metro area.  

I have no idea how much it would cost to pull carpet out, install flooring or any remodeling.

I have rented and remodeled myself for awhile now.

- Residential purchases, remodel/repairs, and re-sale (flips).

After the remodel we are back to 0 cash.

I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.