If your properties have paid for themselves I'd say you're safe now to upgrade. You've basically got all of your capital out of the deal at this point. Go ahead and make them nice - you can probably increase your rents somewhat when you do. Good mechanical systems, plumbing, electric, kitchens and baths.
@Max T. thank you very much
I think you did it the right way but now its time to fix them the right way and do so moving forward. It allowed you to grow much quicker so it was a good thing at the time.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing