Hi all, I am located in Denver and was curious if anyone has experience with completely renovating a home vs building a brand new one.

I have a huge passion for fixing up properties in distressed neighborhoods to help the exact problem you are preaching about.In my opinion, we need more incentives to fix up these properties rather than build new ones.

I've discovered that most private lenders prefer borrowers with some experience, which I'm working on building now.My main focus is on my exit strategy.

Self-Management:Pros: Saves money, offers control, and builds tenant relationships.Cons: Time-consuming, stressful, and needs expertise.Hiring a Property Manager:Pros: Saves time, provides professional expertise, and market insights.Cons: Costs money, less control, and finding a good manager can be tough.What about you?

i cover pest control and lawn care on my stuff. keeps down on issues and i know the place looks good. for my student rentals i also build in a quarterly cleaning fee where my cleaning lady comes through and does a deep clean. extra eyes on stuff and parents happily pay it to ensure their kids have a solid spot. pass through cost for me and well worth it. 

What developers used to be able to build 2 units on a 25x100 they can now build 3, allowing them to offer more for 25x100 lots and profit more off these builds.

If you can take on another job or work more hours to build up some savings you can get a primary residence with little to no down payment if you can find the programs in your area. 

I get it, build a team, hire professionals, blah blah. 

Build equity over time and take advantage of tax write offs and appreciation. 3-400 a month on a 70k investment is a 5-6% cash on cash return - you can get that in a high yield savings right now, and, that's objectively a lot of cash to shell out. 

Here’s why:Transparency: Being upfront builds trust.