Expanding an older home by adding a level can be an intelligent method to boost value and maximize returns, especially in markets filled with aging properties. In this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes back Gabe DaSilva, an expert in this flipping strategy. As the founder and president of the DaSilva Group, Gabe has a solid reputation for teaching investors how to scale their flipping businesses. Through initiatives like the Add-A-Level Bus Tour, Fix & Flip Foundation, and Real Estate Riches Mastermind, he shares the knowledge and strategies investors need to turn outdated homes into profitable investments.
As they start their conversation, Jonathan and Gabe discuss how he continues to find success despite limited inventory and high interest rates. Gabe shares his approach to maximizing profitability through systems, syndication, clustering, and utilizing Zillow Builder and the MLS as sales tools. He breaks down what investors need to know before adding a level to an older home, amenities that can elevate a property’s value, and the growing demand for multigenerational living. They also explore how Gabe evaluates markets, the challenges of high interest rates, and the importance of grit in real estate investing.
Jonathan and Gabe dive deeper into the following topics:
- Identifying a property ripe for an Add-A-Level investment includes looking for features like a solid block foundation and seven-foot basements.
- Adding a level to a home can create two or three times the return of a traditional home flip.
- Managing the renovation costs and obtaining the right permits can be challenging when flipping an older home.
In a market with limited inventory and many aging properties, adding levels is a unique way to add value while designing a home that fits a young family’s needs. Gabe DaSilva has built an excellent reputation doing just that, and he’s teaching other investors how to do the same in their markets.
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