Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

Implementing a value add strategy, which will raise rents and force appreciation has been an unfair advantage in just about any market condition. 

What strategy are you currently interested in pursuing?

My strategy for the foreseeable future is 'buy and hold' with long-term tenants. 

But a lot of these builders want to roll up and start putting sticks on the ground, so they want to see essentially everything ready to go to the city/county for approval before they sign on. 

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

We still use the BRRRR strategy in Jacksonville, FL.

Is there decent exit strategies?

We also use Rental Guardian and add the charge to each booking so essentially the guest is paying for their own damage insurance.