Purchase price: $165,000 Cash invested: $20,000 I bought a duplex in Racine that needed a lot of cosmetic upgrades.

We are only very moderately leveraged, but I am in no rush to change that and rather use the cash flow to re-invest either into upgrades (we are doing a ton of driveways this year) or more RE.I don't think there is a right or wrong way, like you said there are many different ways, I just find myself adjusting every year a bit more in that direction.

There are a lot of other design upgrades you could make too.2.

After buying these new rentals, he will still have about $90k in cash to spend on upgrades and furnishings.

Thoughtful upgrades and efficient project management made this a successful venture, highlighting the strength of our partnership and commitment to delivering high-quality results.

@Roberta Allen - i purchased with the upgrades.

I upgraded the “bones” of the property and the cosmetics.

He made another $10 million.Then, the general manager drove the profits into the ground with maintenance issues, upgrades and so many other expenses the limited partners got nothing.

Upgrading countertops to granite or quartz, installing high-end appliances, modern cabinetry, and stylish fixtures can significantly raise ARV.

I will do this in the future.Would you sell this home as-is and likely take a small loss, or hold it for the long run and upgrade the home as needed until it was rentable?