A more extreme example of this is Warren Buffett and his private jet.

Buy a property with some equity in it.Rehab it modestly, add more durable features, maybe a nice upgrade like a garage/second living room conversion, patio, or jetted tub.Rent it out at appreciated rental rate.Refinance, cash out at Appraisal that should have it over the original ARV.

One painter we used could fix holes, texture, and paint in a day a 2BR Apartment.

@Makenzi Capezza You can also double check you don't have glue residue on the wall by using a heat gun (or blowdryer to warm the location up) in a spot or two and checking to see if that's what's making the weird texture.

He didn't invest in real estate, instead he spent it all a trip to Vegas via a rented jet that carried him and his entourage to an adventure they still reminisce about to this day.

I'm basing my assumptions off of what we do for our deals.From what I have heard investors with GC say is he is still his collecting his management fees and keeping his $40 million jet.

Jet"Good idea, Wendy.

Has texture- not completely smooth but no grout- only the appearance.

Full scale renovation interior including; insulation, sheetrock, texture, paint, flooring, trim, new doors, T&G pine in office/sitting area, new cabinets, new electrical and plumbing fixtures, new water heater and furnace, cleaned out paneling from basement and redid wiring and water lines with pex.

I can get a sales price on a Leer Jet, but that doesn't mean I will desire to operate and maintain it.