How This Landlord Turned a Boarded-Up Triplex Into a Cash Cow

Episode 52 of The Real Estate Investing Podcast with Fexingo. Lucas and Luna dissect a single case study: a landlord who bought a boarded-up triplex in a C-minus neighborhood for $87,000, put $42,000 into renovations, and now nets $1,280 a month after expenses. They walk through the exact math — purchase price, rehab costs, financing, rent roll, and the brutal first six months of evictions and plumbing failures. Then they pivot to the broader lesson: how deep-value plays in overlooked neighborhoods can outperform cookie-cutter suburban rentals on cash-on-cash return. Includes a discussion of the 70 percent rule, the risk of over-improving a low-end asset, and why the landlord's 'good enough' finish-out strategy kept the project viable. No theory, just the spreadsheet. The episode closes on a forward-looking question about whether this playbook still works in mid-2026 with construction costs up and cap rates compressed. #RealEstateInvesting #RentalProperties #Triplex #ValueAdd #70PercentRule #CashFlow #Rehab #NeighborhoodAnalysis #Landlord #FixAndFlip #RentRoll #PropertyManagement #Eviction #ConstructionCosts #CapRates #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo