EP 146 – Do You Actually Need to Renovate Units In Your Rental Properties?

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Show Notes

Renovating a property has the potential to increase ROI, but it can’t solve problems like a bad neighborhood. While you should always aim to create value as a real estate investor, there are many factors you should consider before spending on a renovation.

In this episode, Mike and Dan give updates on a nightmare rental property and share why they’re choosing not to do major renovations on its units. They discuss renovating as a common mistake among new real estate investors, and why deferred maintenance is sometimes the best financial option.

They also take a look at the current real estate market, covering the impact of inexperienced investors in this slower market, the supposed downfall of the BRRR method, and why it’s a great time for seller-finance deals (Mike and Dan’s favorite type of deal)!

Tune in for all this and MORE.


Topics discussed in this episode:

  • Is it a good time to get started as a real estate investor?
  • How inexperienced wholesalers are affecting the market
  • Updates on our bed bug nightmare
  • When you should and shouldn’t renovate a rental property
  • What we’ve learned from tenant issues
  • The benefits of seller finance deals

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Links from the Episode

Check out the FREE Collecting Keys “Sub To Transactions” Master Class!


If you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeys.com

Check out the NEW Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/

Download the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeys.com

If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!


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