ilmscore | Prediction Details
"I always want to be on the more affordable side and you know if you purchase this place it doesn't matter what brand thinks but I'm more about going on the better quality cheaper price because you will never have a vacancy or not you don't have to max like squeeze every dollar out of the deal so should there ever be a recession or whatever you've got room to sell it you've got room to increase rents you're always going to cash flow with it and so stainless steel is in new kitchens and a floor plan like this would cost what 15 maybe less yeah it's not going to be a lot yeah 10 to 15 000 labor's still decently cheap in this area it's just going to take time to get renovated so you put 15 000 in the 75 000 unit you go from 700 bucks a month in rent to 900 to 1000 ish your tenants are still happy they're not furious at the price but the quality is so much nicer and what I've discovered the hard way is better quality units at a higher price attract much longer term tenants and the longer term your tenants are the more money you're going to make because turnovers suck."
By Investment Joy | July 24, 2022 | Pending
From video
Buying $3 MILLION In Cheap Houses? 00:02:46 - 00:04:01
Interpreted Prediction
The speaker prioritizes acquiring properties at a cheaper price with better quality renovations, believing this strategy leads to fewer vacancies, sustained cash flow, and attracts longer-term tenants, ultimately increasing profitability due to reduced turnover costs. They estimate a $10k-$15k renovation cost per unit, which can increase rent from $700 to $900-$1000.

Prediction Details

Topic
Real Estate Investment Strategy

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