SoCal Apartment Renovation – Multi-Family Fix & Flip – Part 3

https://www.youtube.com/watch?v=dMeF4IwaP_k 28% Cash-on-Cash Return!45% Increase In Equity!Record Breaking Sales Price!Here’s How I Did It In a rent-controlled world should you vacate tenants to obtain market rent, or be content with the allowable annual rental increase percentage, as governed by Rent Control? It depends on your target rental rate, your target tenant clientele, and the Cash-on-Cash […]

SoCal Apartment Renovation – Multi-Family Fix & Flip – Part 2

In this Week’s Video, I continue to share my personal journey as I rehab a 4 Unit property that I recently purchased. Aside from new electrical and plumbing, we are going all in with a new layout of the living room, and a reconfigured bathroom. Time consuming? Yes. Costly? Yes! Worth it?… We will soon find out!

This is the 2nd installment in a 4 part series (WATCH NOW) as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how”, fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.

SoCal Apartment Renovation – Multi-Family Fix & Flip – Part 1

In a rent-controlled world, how do you collect above-market rental rates when there is a Rent Cap in place? The truth is, you can’t…unless you vacate a unit legally by completing “substantial improvements.” How do you determine if a unit warrants substantial improvement? We will discuss that very question over the course of these videos. 

In this Week’s Video, I walk you through the beginning stages of my most recent remodel project. This project started just prior to the Pandemic, and that made the process that much more interesting. 

This is the first installment in a 4 part series (WATCH NOW) as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how,” fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.

What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow (especially in a rent-controlled market). In my opinion, owning multi-family investments should be extremely financially rewarding, while at the same time not be overly consuming of your time. Second, by completing these types of improvements, when it is time to sell, a buyer will happily over-pay for your property because your rental rates & the condition of the property justifies above-market pricing!!!

Multi-Family Investments 2023 – Strategy for More Cash-Flow, Tax Savings & Appreciation

Since the beginning of the year, I have received numerous inquiries from landlords asking, “How is the Market?” Surprisingly, even though the vast majority of landlords collected 100% of their rents in 2022 and their properties currently are 100% full, all the negative talk about rising interest rates and a looming recession may have you puzzled on how to move your real estate portfolio forward this year. As we begin 2023 some basic questions to consider are: Should you raise rents this year? Should you buy? Should you sell? Or, should you play it safe and just hold?

SoCal Apartment Renovation – Flip or Flop 2022 – Episode 2

In a rent-controlled world should you vacate tenants to obtain market rent, or be content with the allowable annual rental increase percentage, as governed by Rent Control? It depends on your target rental rate, your target tenant clientele, and the cash on cash return for your efforts!

In this Week’s Video, I give you an update on the status of my most recent remodel project which consisted of vacating an entire multi-family complex! Sounds scary I know, and honestly I get a little nervous each time I do this, but the payout will be HUGE! Keep in mind I have had to battle with increased labor costs, increased material costs, and a material shortage. Lucky for me I stick with the adage “I will, until!”

SoCal Apartment Renovation – Flip or Flop 2022 – Episode 1

In a rent-controlled world, how do you collect above-market rental rates when there is a Rent Cap in place? The truth is, you can’t…unless you vacate a unit legally by completing “substantial improvements.” How do you determine if a unit warrants substantial improvement? We will discuss that very question over the course of these videos. 

In this Week’s Video, I walk you through the beginning stages of my most recent remodel project. This project started just prior to the Pandemic, and that made the process that much more interesting. 

SoCal Apartment Renovation – Flip or Flop – Episode 3

Over the last few months I “Substantially Renovated” a 4 unit property in the Inland Empire. Having purchased the property earlier this year I had no idea I would be up against Rising Material Costs and an Extended Eviction Moratorium, but life goes on. On today’s show, I walk you through the final breakdown of how much I spent on the project, what improvements I chose to spend my money on, and the end result with respect to the increase in property value and, more importantly, the HUGE increase in Cash-Flow! This is the final installment in a 3 part series as I attempt to assist those owners who avoid property renovations because they assume the process is too much hassle, they do not have the “know-how”, fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.

SoCal Apartment Renovation – Flip or Flop – Episode 2

In this Week’s Video, I continue to share my personal journey as I rehab a 4 Unit property that I recently purchased. Aside of sharing the actual details of the rehab itself, I also discuss the differences in the two types of copper plumbing available, cooling & heating options, retailers I use for building supplies, and we discuss an emergency repair to the main water line that was required. You’ll want to see this!

SoCal Apartment Renovation – Flip or Flop – Episode 1

In a rent-controlled world, how do you collect above-market rental rates when there is a Rent Cap in place? The truth is, you can’t…unless you vacate a unit legally by completing “substantial improvements.” How do you determine if a unit warrants substantial improvement? We will discuss that very question over the course of these videos. 

In this Week’s Video, I walk you through the beginning stages of my most recent remodel project. This project started just prior to the Pandemic, and that made the process that much more interesting. 

This is the first installment in a 4 part series (WATCH NOW) as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how,” fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.

What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow (especially in a rent-controlled market). In my opinion, owning multi-family investments should be extremely financially rewarding, while at the same time not be overly consuming of your time. Second, by completing these types of improvements, when it is time to sell, a buyer will happily over-pay for your property because your rental rates & the condition of the property justifies above-market pricing!!!