I've done a local major renovation.

The city is growing and the macroeconomics is great - lots of job growth and population growth and major tech companies moving out here and developing like Intel, Google, Amazon, Meta, etc.

., as a licensed real estate agent who focuses predominantly on rent-by-the-room acquisition, the majority of my clients finance their deals either conventional, DSCR, or cash.

Major red flag for me that they won't give you one.

For small projects and so for the vast majority of sophisticated investors, the DLT is years away.

If it's in a major city with public transit you can limit the number of rooms that include parking.

We learned that some properties simply require strong market insights and timing rather than major renovations to achieve a solid profit.

The open houses I attended for flips recently - their  costs were around $300,000 for a major renovation  in 2024.

Meanwhile, Paces clients very slowly build up their capital, but we all know the majority will spend it and come right back to the group to let Paces organization fund it so he continues building his wealth from all of these "gators".Do I get annoyed hearing about this every day..YES..Do I think it was a great form of revenue for Pace..YES. 

And of course the vast majority if not all got wiped out when I bought at the steps..