Turning Units in my Apartment

[Jeff Quinlan]

I have a couple of vacancies and I am considering putting some money into the current units. What is a good rule of thumb for ROI in updating units I can do the basic and invest 6k and get an extra $100 per month OR I could put 18k in and get an extra 275 per month. Is there a formula that any of you would recommend to determine the best course?

[Luciana W.]

@Jeff Quinlan

You can always use the BP calculator to run the numbers, run both scenarios and see the differences.

Also another thing you should consider (and the calculator won't help you on this one) is consider the amount of time will take to renovate and fill your unit.

Good luck!