Since so much of the return was frontloaded in the first two years, IRR will not improve by holding onto the properties.The only way to tap into equity is to refinance or sell the property.

Your basis in the property is purchase price plus improvements.

I would be very careful buying in C areas and hoping for improvement. 

As mortgage rates eventually drop, your cash flow should improve over the long term.

. - If you're doing new cabinets and countertops, look at what other comps rent for and what other improvements you could do to help raise the rent.

So if your goal is to appraise for more, which is the goal of the BRRRR method, it would probably be best to invest that money into things that will cause it to appraise for more such as improving the house itself to be more aligned with the comps in the area.

Nothing has changed about my property - I made no improvements - that caused it to increase 20% in value in 1 year!

To answer your other questions- no, you don't perform capital improvements just for the write offs, it's not a 1/1 ratio, you don't get that money all back. 

Direct Control: Managing the project yourself gives you direct control over every aspect, from selecting materials to scheduling subcontractors, ensuring that your vision is accurately 3.Learning Experience: Taking on the role of a GC can be a valuable learning experience, providing insight into the construction process and improving your skills for future projects.4.

Looking for some feedback on an idea I’ve been considering.  I have an older single level 8-plex on .75 acres near downtown phoenix.  The existing buildings only occupy the front portion of the lot, leaving about .4 a...