0094 Upgrades Vs Home Improvements In That Low Income Rental

This is part 2 of the series, "I'm not going to live there so I'm not going to pay for ______." From biggerpockets. View original article here:http://www.biggerpockets.com/renewsblog/2014/05/11/upgrades-vs-home...

As new investors, especially in low income neighborhoods there is a mindset that some people suffer from called the "I'm not going to live here" mindset.

There can be times when it comes to spending money on a renovation, where this is a perfectly valid mindset but many times it can lead new investors to giving a subpar renovation, thus attracting subpar tenants.

Related: Have Some Pride in Your Low Income Rentals!

Part 2 of the series focuses on some strategic times when this mindset can do more harm than good when it comes to capital repairs and how resetting your mindset to view every expenditure through defraying long term maintenance costs and protecting your asset, should be the ultimate determining factor for what to spend your money on for renovations, especially for buy and hold investors.

Lisa Phillips

Check me out on Itunes and my Youtube Channel, which is an easier way to view all the content here, and also on Google + Page, which is an easy way to view all the content in chronological order. And dont forget Twitter, Facebook, and BiggerPockets.

Thank you all so much!
Please remember, if you want to submit a question, please send and email titled "Audience Question" to LisaPhillipsREI@Gmail.com If it doesn't say that in the subject line, its easy for me to overlook it as SPAM and get deleted.

*****Don't forget to like and comment! ! I need your participation to make sure I can keep providing great content to help you in your real estate investing career! :-) Thank you.*****

Views: 4

Comment

You need to be a member of Real Estate Investing - Investment Articles Forum Tips Clubs to add comments!

Join Real Estate Investing - Investment Articles Forum Tips Clubs

Reviewed Investing Websites and Software

© 2017   Created by Matt Gerchow.   Powered by

Privacy Policy  |  Report an Issue  |  Terms of Service