Fairless: $5K per unit renovation yielded $75 rent bump, 20%+ return
Joe Fairless · This 30 Year Old Bought a $6.2m Apartment Complex And Makes How Much Cash Flow? With Joe Fairless Episode 239 · Apr 15, 2016 · at 11:36
Real estate investor Joe Fairless explains his firm's value-add renovation strategy and financial returns on multifamily properties to Nathan Latka.
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“In the case of the last two deals, we put in 5000 dollars a unit, raise rents about 75 bucks and make over a 20% return on that.”
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