We just kicked off our newest renovation project, and I always enjoy sharing the numbers so everyone can follow along. 💰 Purchase Price: $115,000 Completed: 🔨 New Roof: $12,000 ❄️ New HVAC System: $5,600 Still to Complete: • Demo work • New kitchen • New flooring throughout • Fresh paint • New fixtures and lighting • New deck • New front porch Estimated Costs: 🏠 Purchase Price: $115,000 🔨 Roof & HVAC Completed: $17,600 🛠️ Renovations Remaining (including demo): ~$34,900 ⏳ Holding & Misc. Costs: ~$2,000 💵 Estimated All-In Cost: ~$169,500 Projected Exit: 📈 ARV (After Repair Value): $225,000–$230,000 At a $225,000 sale: • Less commissions (only buyer side) & closing costs (~$11,000) • Net: ~$214,000 - loan of 86,000 = 128,000 • Estimated profit: ~$44,500 Total cash investment: $84,000 Cash on Cash Return: 53% I will update as the project goes!

About 5 months ago, we started a remodel on a rental property that we originally purchased for $41,900.... We held the property for about 3 years, collecting $750/month in rent before the tenant moved out. Once it was vacant, we decided to renovate and reposition the property for sale. This is what the numbers looked like! • Purchase Price: $41,900 • Total Additional Investment (holding costs + remodel): ~$73,100 • Total Basis: ~$115,000 • Contract Sales Price: $170,000 • Estimated Net After Closing Costs: ~$158,000 • Estimated Profit: ~$43,000 Now, a $43,000 profit on a small project is nothing to complain about. In fact, our cash-on-cash return was roughly 54%, which is a fantastic return for a 5-month renovation project. But here's the interesting part... If we had simply sold the property as-is when the tenant moved out, we likely still would have made around $30,000. So the real question becomes: Was it worth putting an additional $70,000+ into the deal, managing a renovation for months, and taking on the extra risk to make an additional ~$13,000? There isn't always a right answer. Sometimes the best deal isn't maximizing profit—it's maximizing time, reducing risk, and increasing velocity of capital. That said, this project taught us a tremendous amount. Every renovation sharpens our systems, improves our contractor relationships, and makes us better investors. The education alone may have been worth more than the additional profit. There's also something rewarding about taking a neglected property and improving it for the next owner while making the neighborhood a little better in the process. What would you have done?

This community gives you direct access to ask myself (CPA) real-world questions anytime—whether it’s taxes, real estate, or business decisions. I’ll also be launching a dedicated Classroom to learn how to evaluate what a business is truly worth and confidently determine pricing for selling, acquiring, or merging a business. This will be practical, numbers-driven, and built for real decisions—not theory. Have you ever thought about buying a business instead of real estate? Coming soon!

Hey everyone, I wanted to give an update on the software I use as an accountant to manage my rental portfolio. I am not paid for or advertising these, it's simply what works best for me! 1. REI Hub: This software allows me to keep track of all my properties financially, whether as a rental or a remodel. I like the software because it is extremely customizable, very affordable, and offers me easy access across many devices. 2. Doorloop: For a growing investor, having software that will collect rent, allow me to send checks via online, create a vendor list, and list my properties available for rent is extremely useful. This software has allowed me to think long term about my limits of property management. It's extremely easy for me to scale using this software and I highly advice people to use it. 3. Wix - Website: I have incorporated Doorloop into my website. Using Wix has given me the easy access and control to change things online when I need to. These are what I am currently using and love! If you have other recommendations, feel free to comment them below.

As I should have posted a long time go, we finished out first large remodel and sold the property in January of this year for full asking price! 212 S Elm was amazing learning project and allowed us to have the confidence to dive into a bigger project. Here were the final numbers on the deal. Purchase price: 41,800 Remodel: 41,500 Holding Cost: 1,650 Total Input Cost: 84,950 Sales Price: $170,000 Selling Cost: (11,050) NET Profit: $74,000 Tax Tip: We paid 0% in taxes on the profits from this sale because they are LTCG and in the 0% bracket based on our tax returns. Feel free to ask any questions!!