hey guys, im working on a COC analysis for some rental properties i am looking to purchase.
im just wondering one thing,
let's say its a 3plex and 1 of the units needs work that you can only do at the end of year 1 because its currently occupied.
do you account for that renovation $ amount in your inital spend, or do you calculate it in year 2? do you calculate it in your total cash invested in every year?
here is a screenshot of my calculator i built:
notice 50k of reno's done in year 2... not sure how to go about that
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