Feb 26, 2018
The price of an item is associated with the quality you would expect from it. We shouldn’t expect something we can buy from Walmart to have the quality of something from Saks Fifth Avenue. Likewise, we shouldn’t expect something from Saks Fifth Avenue to have a Walmart price. It’s the same with rental properties: How much you paid for a property will dictate the market you plan to sell it in, and it’s not as easy as putting up an ad on Craigslist.
In this episode, Jared and Tom discuss what they call the Six Levels of Rental Property Renovation. They share their thoughts and ideas as well as explain what we should expect from each level. They also describe their personal stories on how they managed to avoid properties that only looked good on paper as well as properties that would have limited cash flow.
“You're responsible for the reality of where your dreams are going to come from.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
Wealth Watch Words of Wisdom
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Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.