Imagine investing in all new, beautiful finishes, only to discover that the drain pipes are faulty and need to be replaced—an issue that could have been identified and addressed beforehand.

Lathrop at I5 and 205 is the same.Winters is seeing some the same.Seems los banos n hollister building has slowed thoghSo many apartments are getting finished in the south bay! 

@Jorden Barnard I just finished building mine in Durham.

They had an unfinished space counted as finished space increasing the size of the home by ~10%.

That kitchen looks good but needs more stuff so families can cook and eat there.I think you guy look good in the photos, but it can be a turn off to prospective guests so I would remove those.

If I am all in on the property for 360k (purchase and some finishing construction as well as carry costs) and the home is valued at 450k or more (based on what im told by agents as well as my own analysis while staying conservative), that is 20%+ equity I believe, unless I am missing something.

I finished all my renovations in early November.

I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.

Quote from @Matt Cook: I would really get with a realtor that is in the area of that property and that sells a lot of homes to comp the property on what it can sell for after the remodel.

We look forward to working with you and pushing these properties over the finish line - that's how we all win!