To put this in perspective on an average single family you can make maybe $4000 annually in rent, you can invest 30k to fix it up and maybe increase the value by 40k (if you know what you are doing, typically renovations have a slightly negative return on investment).

We found the podcast after we had bought our first investment property and were in the process of renovating it.

Hello,Hope all is well with everyone.What were some of your best renovation designs in 2015?

I think I may be inputting wrong or confused as to what numbers/costs go where in the calculator since I'm initially using private money, then doing a cash-out refinance while using my own cash for renovations....

  - purchase price would be 1.5 Million - its 4 stories and requires a gut renovation.Supposing that this is a great deal - how would i finance the 600-700K renovation ?  

I purchased a 2 family home in 2010 and lived in and renovated over the last 4 years.  

I also would have taken part in my dads renovation projects which i always hated when i was younger.

After renovations it will appraise for 230k- 260k (prayerfully).

Its not like I am giving away a fully functioning renovated duplex..

I found a unit that has a 1BR on the first floor (potential $1600/month), 2BR on the second floor (potential $2100/month), as well as another stand alone unit that has a renovated (2BD) standalone behind it that I want to live in (potential $2100/month).All three units were renovated within the last 5 years (including appliances and roof) with hard wood, electric stainless steel appliances, and the cosmetic renovations needed for an old home done.