Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with  all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal  that allowed for the proceeds to be returned through the refinance. 

You want to let them know that these repairs are to improve their living conditions.

-The large Capital improvement to the property greatly increases the basis for which you are able to depreciate the property.

It's the only software I have tried so I don't know how it compares.What I can say is it's easy to navigate and they keep making improvements at the request of their user's suggestions.

REI offers steady cash flow, appreciation, and tax benefits, while business acquisitions, similar to the BRRRR method, can provide higher returns through operational improvements but carry more risk and require hands-on management.

Framing the idea as a way to preserve and improve the family property (rather than focusing on personal gain) might help avoid misunderstandings.

With $1,050,000 cash invested and a purchase price of $950,000, you likely have significant improvements made to the property.If you're considering scaling this strategy or need advice on financing future acquisitions, feel free to reach out.

So, vacations, home improvements, etc. until they put the fish back in my barrel. 

😁 Your Name: Jeff Davis🧠 What would you consider your area of expertise: inside real estate my area of focus is value-add multifamily, outside of real estate I have expertise in marketing strategy🙌 What are you most looking to get out of BPCON 2024: Improving my deal analysis skills, connecting with more experienced real estate investors to gain insight and wisdom, and building a community of other like-minded people. 🤝 Fill in the blank: If I could make a great connection with someone who is an expert in deal analysis at BPCON2024 then I would leave BPCON happy🗓️ What session are you most looking forward to?

I’m excited to hear how the project turns out, and if you need any advice on financing for future flips or strategies to improve cash flow, feel free to reach out.