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.

😁 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.

Over time I will build and rent improved camp sites. 

You just have to remind them of reasons for improving the city.   

If someone comes by after that and books a 2star property expecting 5star service, that's their fault.They are trying to turn in to AirBnb… If they want to do that, at least improve on the interface/user experience.

Additionally, it can help maximize renovations and improvements.39.2% of the total depreciable basis was classified as 5-year class life.

You would want to go back through your records and find your purchase price, your closings costs, and any improvements.