Over the course of 2020, I embarked on a journey to “Substantially Renovate” an 8 unit property in the San Gabriel Valley. Having purchased the property in March of 2020, I had no idea I would be up against a Global Pandemic, Eviction Moratorium, and rising Material Costs. 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!
Watch now as I give you the financial breakdown of my most recent remodel project which consisted of vacating an entire apartment building…during COVID! Sounds scary I know, but the financial payout is HUGE!
This is the final installment in a 4 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.
What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow and exponentially grow their appreciation (especially in a rent-controlled market). Watch Now!