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Video instructions and help with filling out and completing Who Form 5495 Minimizing

Instructions and Help about Who Form 5495 Minimizing

How do you renovate a rental property to minimize your repairs so you're not paying through the nose that's today's video let's dive in hey everyone I'm Clayton Morris I'm the founder of Morris invest on a turnkey real estate provider and I've been a longtime investor for a number of years and I own many many rental properties the key to a successful renovation on a rental property is to minimize the repairs down the road because we're all about cash flow so this whole channel is devoted to helping you create passive income and cash flow right that's why we do what we do here and so if we have that cash flow coming in in the form of rental income do we want to be paying it out to keep fixing stuff windows doors refrigerators god knows what else of course not so how do we minimize our repairs when we're doing our rehab let's say you identify a great property you find a great three-bedroom one-bath house and you're ready to start the renovation it's in a cost you maybe fifteen twenty thousand dollars to do the rehab well what do you do in the property to make sure well here's what we do on our properties let me show you a total disaster of a house that we bought recently this is a typical one of our properties you can see here how much of a disaster it was on the inside right we had ceilings falling in we had terrible flooring you know all everything it was a total gut rehab in the property so when I'm starting with a blank canvas like that what we like to do in all of our properties is simple we want to make sure that the main...

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