Small Axe Podcast

Episode 248. The Dark Side of Value-Add Real Estate: What Gurus Won’t Tell You


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Value-add sounds sexy… until it eats you alive. In this episode, Nico Salgado exposes the brutal reality behind those hyped-up "value-add" deals. From contractor nightmares to tenant drama, blown timelines to CapEx catastrophes — value-add isn't just paint and granite countertops. It's chaos, leadership, cash reserves, and grit.

Learn what it really takes to survive and thrive in the value-add game without getting crushed.

✅ Inside this episode:

  • Why most value-add budgets are complete fantasy

  • How to spot contractor red flags before they wreck your project

  • The hidden risks of tenant turnover (and how to manage them)

  • Why patience reserves are just as important as cash reserves

  • How to build real equity without losing your mind (or your shirt)

Stop believing the gurus. Start building like a real empire maker.

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Small Axe PodcastBy Nico Salgado

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