In this episode Terrance and Chris tour a six-unit apartment building that Terrance and his team are in the middle of redeveloping. They show us how Terrance’s team will focus more on cosmetic updates since the previous owner had already replaced a few major items and kept the building in great shape. After the tour, Chris and Terrance head back to the office to dive into the numbers of the transaction to show you the carrying and operating costs during the rehab as well as the potential of the building once Terrance’s team is able to get market rents. Finally, they run through the numbers from the perspective of the buyer/investor to show how they can get over a 24% return on your money after the first year from this turn-key apartment building!

Connect with Terrance on Instagram at   / terrancedoyle   and his website at http://thevareco.com/

Connect with Chris and learn about the Denver market at https://www.DenverInvestmentRealEstat... on BP at https://www.biggerpockets.com/users/c...