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The goal of purchasing, rehabbing and repositioning a property is to make a profit, period. That means every decision you make must have the bottom line in mind.
That is especially important when it comes to deciding about the level of renovation required to reposition the property. Over the years I’ve been involved in everything from complete gutting with room reconfigurations to simple, quick, cosmetic clean-ups.
There are valid reasons to go in one direction or the other.