Renovations VS Acquisition Process

The Property Hustlers tackle the question of whether or not you should be investing more money in the acquisition process or investing in the renovation process.

For people just getting into real estate and are looking to invest in their first real estate property the first question you should consider is do you invest in a property with a minimal renovation budget or a property that was less expensive but needs more renovations. Investing in the Hamilton real estate market you would spend more on a property but less on the budget, than moving to St. Catharines real estate you would spend less on the property but put more funds into the budget, and if you went even further to the Windsor real estate market you could spend even less on the property leaving you with more money for renovations. You also have to take into consideration how much to save for down payment on house.

If you are still wondering if should I invest in real estate then you might want to consider doing single family home investing because you wouldn't spend as much money on renovations there then you would with multifamily real estate investing or duplex investing. Opportunities are everywhere and you can easily achieve your real estate goals by using strategies like the BRRRR strategy, in no time you will see the cash flow in real estate and will stop wondering should I invest in real estate.



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00:00 Intro
00:12 How to allocate funds
01:10 Breakdown the benefits 
03:52 When should you invest more money in renovations vs acquisition process