Spending $10000 a unit to make $40 a month isn’t value-add it’s wishful thinking
We tested the rents on four renovated units and the results were clear The bump was minimal and the ROI didn’t justify the cost So we stopped right there No emotion just math
This is where most investors go wrong They think renovating automatically means profit But real value-add is about return on investment not just upgrades
I knew the business plan because it was my deal I had the data I had the outcome So instead of doubling down on a losing play we sold and moved on
That’s the power of disciplined underwriting and knowing when to pivot
Comment #Multi to get my Multi-Family Deal Due Diligence Checklist and avoid deals that don’t pencil out
#multifamilyinvesting #valueaddstrategy #cashflowoverhype
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