As I have a Japanese background & am fluent in Japanese I have seen the news & have read about the Akiya homes & am very curious about the process of flipping those homes & turning them into AirBnbs as the Tokyo Olympics are coming up & I know there are going to be many short term stays here in Japan.

Upgrades such as updating the bathroom, refreshing the interior with vibrant colors, and improving the overall condition of the house significantly increased its value.

Hopefully your tenants stay there for a long time and when it comes to refreshing your bathroom all you will have to do is replace: a vanity ($240-400), plumbing fixtures ($120-180 for both shower and vanity), maybe your toilet ($200), and vanity light ($100).

It may take a month or two to rent , So you add 9 months of lost rent into the formula .Or you buy a house that needs minimal refreshing , costs a bit more on the front end but less in the long run . 

Whether you're a first-time buyer/investor or a property purchasing pro, closing costs are an additional out of pocket expense that should be factored into your home buying process!  On average ranging from 2%-5%, dep...

Jay Ben - it is refreshing to see someone else who is interested in investing in NYC.

We must have been writing at the same time, I could have saved some time if I'd refreshed the page lol. 

Nice, it's so refreshing when due diligence finds a big positive.

The units are in tough shape and we'd like to finance additional money for reno & an ADU addition- I assume that we could refresh the interior and convert the attached garage space (200sqft) into a 350-400sqft rent-controlled ADU.

There would also likely be some refresh costs to be ready to rent again (new paint / small fixes, etc).