The property does need carpet, paint, and some simple updates.- Create LLC in the name of the address of the property.

The need help with some repairs including electrical, hvac, plumbing, and other cosmetic repairs like paint, dry wall, and laminate floor board replacements.

The first unit has ~75% occupancy but mostly because I take it off for a few weeks in low season to go through everything, fresh paint, etc.  

It's tough to figure out what I can do with the backsplash or peninsula to make it pop in the photos and look appealing without painting the cabinets.

It needed a kitchen and bath remodel, flooring and paint throughout, deck repair and staining, and some electrical and siding work.

I think he finishes all his basements these days, but for the about 500 sq ft, where he just frames, drywalls, paints and carpets, he would do it for about $40-50/psf ($20-25k).  

Something that is out dated, maybe needs new paint, carpet, landscaping and so on, but nothing major.

We launched some paid advertising, however the results were bad.About 6 weeks ago I started doing deeper research on his particular business model and I began putting the pieces together to help generate some leads and get him and my sister back to making money again.Fast forward to just over a week ago since I completed his setup, and so far he’s had 5 appointments to view job sites so he may submit bids, and he’s locked up 2 contracts worth $15,500 and $31,500 totaling $46,000 in new business.This case study serves to support any REI professionals seeking inbound leads including…

Contractors of all types (Roof, Foundation, Electrician, Plumbing, Painting, Etc...)


But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

New roof, gutters, wood rot repair, new flooring, heavy cleaning, and paint.