However, since they are no longer new, you can only deduct their "as is" value as of 2020There could be quite a few potential complications, so don't use my example for anything but a general concept.

Hey @Will Jenkofsky and @Josh Edwards As young aspiring investors, one thing you can do is join a group of others who are on the same path as you.

The concept can even apply on bigger properties, if the value-add play is high enough.

The biggest hurdle is that the contractors you meet with won’t be able to give you exact prices without a blueprint or at least concept plan.

I try not to let anyone get too far out of whack because that's not fair to me either, so we do have rent increases - we just don't build it in as a matter of concept.

I did get a listing from a cold call, so proof of concept was there but the hours of phone calls after felt anti-productive to me.

@Charlotte Edwards I recently remodeled my SFH that was smoked in for at least 10 years.

Some people have more trouble with this concept then others.

Additionally, I hear a lot about the importance in finding an agent that is "investor-friendly", as they are more familiar with applying the concepts that yield a higher ROI, larger ARV, etc..

Hey @Corey Edwards.