Taking into account the possibility of an equity gain from renovations and upgrades, keep the following in mind:Market Conditions: Depending on the state of the local market, changes such as bathroom and kitchen renovations may or may not have an influence on a condo's equity.

While it's not a ban, it'll apply to pre-construction projects.

Good morning BP world !
My name is Casey Nelson, I am new to all this, but I am very serious in getting started.
Bought my first house in Bonner’s ferry Idaho for 25k out 50 into it using a heloc from said house and...

Don't forget to add an adviser to your team to work with your CPA/tax professional to maximize the tax benefits available on each and every project.

Fast forward, my daughter went on to other things and my son owns a couple of 100 units multi familiesI think you have to give them the opportunity to decide what they are interested in and will stick to.In high school/college I 'd have them reading on creatively financing projects.

It's a strategy where you buy a property below market value, renovate it to increase its value, rent it out for cash flow, refinance to pull out your initial investment, and then repeat the process with another property.

i want to buy a another 2 family, but not house hack.. the electrical component won't come until November 2024 and then I still have to split other utilities should I wait till that project's done?

Probably 90% of my projects fell short of a full textbook 25% equity gain, but I also tend to over-rehab: I don't want to touch anything on a property for at least 20 years after we are done.

My goal has shifted and I'm looking for a prime location that will build equity and allow me to charge top dollar for my renovated units.

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!