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REI Tech

How to Handle the Blues (and the Other Colors Too)

At some point, all real estate investors will have to deal with painting. Whether you’re a flipper or a landlord, you will have to paint your places at some time. Even wholesalers can get in on the act to spruce up a property. Or at least negotiate with the seller to have it done.

There’s a good reason for painting a property. Three letters describe that good reason – R. O. I. Return On Investment.

A nice paint job can really make a difference in a property’s appearance. Many regular people (not investors as much) buy or rent properties on emotion. Detailed analysis is not necessarily in Suzy or Steve Homemaker’s thought process. For maybe $1-2k max for the cost of a painter and materials, you can add up to $10k- $12k to the value of your house.

Having a freshly-painted rental property will also help to loosen a potential tenant’s wallet.

Even with the great return though, smart investors are always trying to save time…


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