YFP Real Estate Investing 45: Deep Dive: Investment Property Renovations - Case Studies (Part 2)

Feb 19, 2022

Nate Hedrick and David Bright discuss case studies in this week’s deep dive into investment property renovations. 

Key Points From This Episode

• Recapping the last episode's main points.
• A brief background on David's property including location, rent, and how he found it. 
• Nate updates us on a tricky point-of-sale inspection required by the community.
• Talking structural safety and Nate's big unknown wild card.
• What he has planned that will make this property stand out from the crowd.
• About Nate and his wife's agreement to make every rental something they would live in. 
• He explains his BRRRR strategy plus two things to really make the property bulletproof.
• Moving on to David's property, we hear about the solid bones of his investment. 
• Why, in his case, the cosmetic rehab is tougher than the safety side. 
• David talks us through his overall rehab cost target. 
• The advantages of the built-in equity on a conventional loan.
• The dangers of over-improving on a rehab.

Links Mentioned in Today’s Episode

• REI 44: Deep Dive: Investment Property Renovations - 3 Key Considerations (Part 1)
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures