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Your Financial Pharmacist

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