My first deal was a renovated duplex that i found on zillow.

Reason I tell you to only use part of the $50K is because its better to use the banks money.That also allows you to stay cash fluid and have reserves for repairs and renovations.

Someone recently reached out asking for advice on how to proceed with the purchase and renovation of a property.

@John Kim you need to calculate your Return On Equity ((Cash Flow + Principle Paydown + Projected Appreciation)/Equity).

The property was renovated and added an additional bathroom and bedroom.

For example, you have a medium sized remodel (maybe similar to your sunroom project.

I also don’t mind having to do cosmetic renovations, but nothing major. 

Thank you @KC @KC PakeundefinedIm thinking to ask for another 5k reduction which will be total 30k reduction form the purchase price since there will be some other minor cosmetics and renovation thing Im planning to do on the units.

Creating standards to get rid of bleeding heart syndrome…As we continued to work through our renovation standards, we began to define our leasing standards.

What are the projected premiums for renovated units?