How did you add value to the deal?

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

This will consist of finding a good deal that requires some work and is below market value, and making sure your contractor is accurate with the budget and executes the work as stated in the contract.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

And they take a cut along the entire way - they sell you the house that they have rehabbed and are selling at appraisal value - (making commission plus flipping profits), they lease the house for you (take a management fee), they repair (take a %), when you sell (there they are taking another percentage).

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

- How much do you value your free time?

Values are almost much lower then promised with tenant qualify also being much lower then promised.

Have you done any value-added work to your current properties?

I have decided on a value that each LLC has before starting the next LLC and some of this depends on the location.