Sam describes their 'delayed Burr' strategy, predicting that as tenants vacate units over time, they will renovate each unit, re-rent at a higher price, and eventually refinance the entire property to extract equity and replicate the process across their portfolio.
"as these tenants move out we've already seen it in one of the four units a tenant moves out we go in there we do the rehab we rerent at ideally a higher rent price now that they have a brand new unit and eventually as rental turnover happens we will renovate all the units in the property and then go to refinance and cash out the equity and repeat the process"
