Lexington Real Estate Investing & Real Estate Financial Planning™ Podcast

Real Estate Financial Planner™ Coaching - When to Do Upgrades with a Value-Add Rental Property

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When should you upgrade or do improvements to your rental property? How do you tell if it is worthwhile doing the improvements/upgrades?

In this special mini-class for the Real Estate Financial Planner™ coaching program James covers:

  • Where are we as we improve rental property cash flow/now?
  • Distinctions between BRRR/R and taking advantage of forced appreciation for a quick sale and keeping a rental for long-term wealth building and cash flow/now.
  • How Return Quadrants™ are impacted by upgrades.
  • A look at Return in Dollars Quadrants™.
  • A look at Return on Investment Quadrants™.
  • A look at Return on Equity Quadrants™.
  • How to determine if you should do the upgrades/improvements or not... will it improve returns (with a math example)
  • Will doing the upgrade/improvement make your return better or worse? A quick, math-based, decision-making thought process.
  • The simple math discussion
  • The more complicated math discussion including how to do it using Internal Rate of Return (IRR)

    • Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

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    Lexington Real Estate Investing & Real Estate Financial Planning™ PodcastBy James Orr