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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingTurning Units in my Apartment
Jeff Quinlan's profile image
Jeff Quinlan's profile image
Jeff Quinlan
Pro Member
  • Investor
  • from Bothell, Washington
  • Member since Oct 15, 2015
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Jeff Quinlan's profile image
Jeff Quinlan's profile image
Jeff Quinlan
Pro Member
  • Investor
  • from Bothell, Washington
  • Member since Oct 15, 2015
Connect
Jeff Quinlan
Pro Member
  • Investor
  • Bothell, WA
4
Votes |
31
Posts
Multi-Family and Apartment Investing

Turning Units in my Apartment

Jeff Quinlan
Pro Member
  • Investor
  • Bothell, WA
Posted Nov 13 2019, 16:00

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?

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