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 return for your efforts!
In this Week’s Video, I walk you through the final financial breakdown of my most recent “fix and flip” project where I vacated an entire 7 unit property, completed Substantial Improvements, then leased the vacant units, and finally, sold the property for the HIGHEST PRICE PER UNIT EVER in this city’s history!
So how much did I spend on the project? What was the end result with respect to the increase in property value? More importantly, what was the final Return on Investment?
Watch now as I give you the financial breakdown and all the juicy details.
Keep in mind I had to battle increased labor costs, increased material costs, and RISING INTEREST RATES. Lucky for me I stick with the adage “I will, until!”
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.
What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow and exponentially grow their Financial Legacy (especially in a rent-controlled world).