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Ask Mike Mondays - When rehabbing a value-added property; where do you start first?

EPISODE · Mar 19, 2017 · 8 MIN

Ask Mike Mondays - When rehabbing a value-added property; where do you start first?

from Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don't over improve the asset too much for the submarket; if the market doesn't recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts

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Ask Mike Mondays - When rehabbing a value-added property; where do you start first?

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