Danny and Drew size up three investment properties before purchasing the riskier option that appears to have the biggest profit potential. With a vision for adding a bathroom, bedrooms and an overall upgraded space, Danny pushes the $50,000 renovation budget to its limit. He brings in high-end finishes in hopes that it will pay off in higher rent.
Danny and Drew check out three properties before deciding to purchase a run down duplex in desperate need of cosmetic changes. With a renovation budget of $35,000 and the challenge of making over two kitchens and two bathrooms in only four weeks, the young landlords push past scheduling delays and minor setbacks determined to get the duplex rented and a return on their investment.
Danny and Drew explore three different properties before investing in the riskiest option. They go with a small house, that has a big lot size and room to expand. Danny knows that doubling the square footage of a home is no small undertaking. It will take a large renovation budget and careful planning. Danny spends $50,000 building a new two bedroom, one bath addition, plus $30,000 on upgrades in the existing house. While Danny wraps up his work, Drew feels the pressure to get the place rented out.
Drew and Danny tour three investment properties before deciding to purchase a duplex with a challenging layout. With an $80,000 renovation budget, Danny is forced to think outside of the existing walls creating an expanded kitchen, new bedrooms and a high end bathroom. The goal is to maximize the space as well as the rent.
Danny and Drew tour three investment properties, including a foreclosed home that they know will sell fast. In an attempt to win the bidding battle, Drew submits an offer over the asking price. Now the question is whether or not their risk will pay off. With a $50,000 renovation budget Danny builds a brand new bathroom, a master bedroom and reconfigures the kitchen layout. Once Danny's work is done, Drew gets to work, determined to get the place rented out and turn a profit.
Danny and Drew tour three investment properties before taking on their biggest challenge to date, a triplex. Now Danny is faced with the challenge of figuring out the best way to spend his $60,000 renovation budget across three different units. Half way through the project, Drew second guesses the purchase worrying that they may have made a costly mistake. Danny pushes to finish on time and on budget, knowing that this property could be their biggest success.
Danny and Drew check out three investment properties before purchasing a duplex with loads of hidden rental potential in the unfinished attic. With a $70,000 renovation budget, Danny creates access to the attic, adding two new bedrooms and a bathroom, while updating the existing kitchen. The end results are impressive, now the pressure is on Drew to get the place rented out.
Danny and Drew check out three investment properties before deciding to buy the house that has the most potential to feel like a home. Knowing that renters look for the same upgrades that homeowners look for in a house, Danny puts his renovation budget of $40,000 toward making over the tiny kitchen, bathroom and turning unused living space into a desirable master bedroom. Danny and Drew are hopeful that their home sweet rental approach will pay off in the end.
All New: Thursday, May 31 at 9|8c