And none of the above costs significantly more than their lower grade counterparts.I also think it is important to do lots of cheaper upgrades that give the place a higher end feel.

In the Southern California markets, the better deals I am seeing are 4-5 caps on older properties in established neighborhoods that might eke out a cash-on-cash return of 1-2% to start, with the potential to get that up to 3-4% in a couple of years by investing in some modest upgrades and bringing rents closer to market.2.

Upgraded driveway, etc.

You can do both- buy in an appreciating market and make updates/upgrades.

After repairs and upgrades I'm all in for right at 100,000 and I cash flow more than 1,000 each month.  

Even if the subject property has more upgrades or renovations.  

Never allow tenants to do repairs or upgrades.  

Thought about borrowing on our home to do one of the following: ---Add on a bigger master, bathroom, closet, would only be able to upgrade kitchen not add sq. footage. and putting in a small pool would be possible in the yard we have.

#2/3 - Two dwellings in Roswell NM Purchase 45,000Rent 725/1200 respectively - this year's anticipated returns = 6000 (after renovations/upgrades - 1.5% rule)#4/5/6/7 - Quad in Roswell Purchase price 65,000 - Rents 500, 500, 600, 750 respectively - This year's anticipated returns + 11,000 (2% rule baby!)

Hi thereWe’re looking for some advice on upgrading our 90’s kitchen and bathrooms.