In January 2024, we embarked on a strategic journey with the acquisition of a duplex for $40,000, targeting a significant enhancement in both its value and rental income. Initially occupied on one side, our game plan involves a phased renovation approach, starting with the vacant unit to ensure a smooth increase in the property's earning potential.
Our comprehensive rehabilitation schedule is designed to elevate the rental income from $600 to $2400 a month. Furthermore, in six years, we will engage our investors in a democratic vote to decide whether to sell the property or continue holding it, aligning with our commitment to making informed, collective investment decisions.
Commence demolition and removal on the first (unoccupied) unit.
Complete installations of
windows, kitchen, and bathrooms.
Begin painting and
electrical work