Nate Hedrick and David Bright deep dive into three key factors to take into consideration when renovating your investment properties.

Key Points From This Episode

• Why you don't always have to spend thousands of dollars on a rehab.
• The first foundational factor of running a rehab: structural safety for your tenants.
• A parallel between clinical and building guidelines to ensure safety.
• Why the roof remains top of mind.
• Learning to manage risk during a rehab process.
• Why it is important never to over-rehab a house.
• Why you should always compare rates to other rentals and purchases in the area.
• The importance of finding a balance when you rehab a house.
• How to use online comps as a road map to decide what to do in a neighborhood.
• An introduction to the two case studies discussed in the next two episodes.

Links Mentioned in Today's Episode

• BiggerPockets
• YFP Real Estate Investing 41: Deep Dive: Repairs and Capital Expenditures
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures