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

Minneapolis Real Estate Investing & Real Estate Financial Planning™ Podcast

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)

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