. $1M+ into the property's interiors & exteriors, push rents, reduce expenses, and increase the additional other income...our typical "value add" strategy.For those who want a deeper dive into the capex, we had approx. $632k into the exteriors and a $388k into the interiors (reach out if you want more...)Anyhow, we closed in Dec 2020 and immediately implemented our business plan.

So many variables and reasons, no two scenarios are 100% alike due to dealing with human emotions.

In order to secure funding, you either need to find a partner with deeper pockets, or bring the funds yourself.

There are so many different opinions out there… and everyone is sure that their opinion is right and that others are wrong, and then things get emotional and people get angry… etc. 

Closing is an exciting day, just always remember to keep your emotions in check and don't force the deal if any additional hick ups come up. 

I ended up selling that house after enjoying it for 5 years and walked away with a $130,000 tax-free pay day.I didn't cry tears of joy because I try to leave emotion out of my real estate investments.

I think realistically it comps at $170K but I need to dive a little deeper

Class A area values/rents are increasing, pricing out many and pushing them into Class B areas, which raises values/prices in those Class B areas, turing them eventually into Class A areas, but pushing people into Class C areas and so on.This gives me a deeper understanding.

This is how I do most of my investments, and once you get to a point where you want to REFI you can or just roll it if the LOC has better terms.It isn't the fastest way to scale, but it is a pretty safe way as your debt service is low and cashflow is high.If you want to dive deeper into it DM.

If anyone has any deeper insight to this, please do message or email me!