I plan to refi in the spring with a reasonable expected appraisal value to come back around 82k without doing any additional upgrades.

Second, if you buy a property and it is 100% occupied, and you have some ideas for adding value that will require upgrading some things, should you wait until their lease is up to do those upgrades?

We investors are the experts in the Real Estate Community and seek to protect and enhance our reputation by keeping sellers informed throughout the entire process.In terms of a “subject to” transaction specifically, it is in our best interest as a growing real estate investor to make all mortgage payments and to do so in a timely fashion for multiple reasons:One of the first things we will likely do upon acquiring title to the property is make repairs and upgrades to the property.

I feel comfortable with basic work such as paint, floors, kitchen upgrades, and maybe adding a bedroom/bathroom with the help of a contractor.Here a rough example with figures I just made up:Purchase – 120kRehab – 15kARV – 170kForced appreciation on rehab – additional 35k or 233% of rehab costDoes this sound right or way off?

But, I don't have to do any of the major upgrades that I was planning (floors, electrical, counters, paint) immediately and can get positive cash flow immediately.If she decides to move on, then I make the improvements and put it back on the market at $900-$950 within 2-3 weeks. and get what I talked about above.So. 

They didn't buy it as an investment but I'm fairly certain they can break even on it if not capture a return based on their upgrades after ownership.Sidenote: this is my first forum post...I skipped the introduction post...sorry.

My wife and are in the moment considering what you and your wife did. we built 3 years ago, and a house like mine just sold for 190k which we purchased for 150k. and since we lived in it for over 2 years im looking into the capital gains rule, super exciting stuff to learn.which i have way more upgrades plus the corner lot with an awesome back yard.

its a 6plex currently and plan to make it to it's legal configuration of 5plex (here is one of the upgrades, still a work in progress)

Upgrading to a Central air is an absolute necessity in both buy and holds and flipping in my opinion.

I was hoping to use the BRRRR method to purchase, rehab, and refi but the property is in good condition and it doesn't make since to do luxe cosmetic upgrades because the neighborhood doesn't call for it yet.