Purchase price: $780,000 Cash invested: $280,000 Sale price: $1,600,000 Distressed sale, fully renovated, modernized and furnished to maximize value.

Then if you need to paint, add light fixtures, new hardware, etc. to modernize an outdated place you’ll spend another $1k-$3k (depending on if you hire help or not).

One 1920s house may have knob and tube wiring and lots of deferred maintenance that will add thousands to your budget compared to a more modernized 1920 home.

If you're looking for a modern accessory or a classic statement piece, Trendifly has the ideal handbag to finish off your outfit.

I see potential in the technology and would like to pick your brain if you have. 

I also have a passion for building businesses, working out, inspiring others, technology, sports, and people.

While you don't need to put in luxury flooring it is a good practice to find something modern and durable. 

What if I am getting a run down property that hasn't been remodled in 30 years and I made it look really nice/ modern inside?

In my experience, the main difference in their approach is that they split the traditional functions of a property manager across different individuals/teams and invest heavily in self-service platforms and technology to ensure information flows timely and correctly across all parties involved.

To spend that much I would need to gut the whole house, tear off the roof, and do everything brand new and modern.