If I was strapped for cash and I only had access to 25 grand on a credit card or friend's family, whatever I would do the patio, get the beer and wine going, increase ADR, take that cash, and squirt away that extra money that I get, and then pay for the electrical using cash flow.

Welcome to the big fat real estate checks podcast with Marco Kuzlowski, where we help investors like you get the knowledge and skills you need to replace your J.O.B.

with passive cash flow for life.

Hey, everyone. Welcome to big fat real estate checks. My name is Marco Kuzlowski, and I'm here with Francesco Galuccio and Gabriela Adajeesh.

And we are joined today in holy match. Oh, no, that was the wrong webinar, the wrong broadcast. Part me, that was weird.

This is a podcast about having fun, giving you tremendous value, and we don't take ourselves too seriously after, what, over 150 episodes plus now.

And if you have not listened to the first whole bunch of podcasts, please go to the first 10 and see how we buy assets using none of our own money ever.

It is forbidden how we enjoy rough economic times to generate more income in fact, paddock is profits in our world.

And how you can take the information that we give you and once applied to make millions of dollars, if you so choose and put the effort in to really change the trajectory of your life, your family's life, and your financial future.

Today we're going to be doing something a little bit different. Frank Chesco has, I think, a quandary, a problem, a challenge that we want to brainstorm.

And of course, if you love the content that we give, please like us, love us, share us, do whatever you have to do. And of course, so we welcome your comments tremendously.

So we appreciate you very much for listening as well. So Frank, what the hell's going on?

Hey, a little bit of a predicament here. So we're just trying to discuss this before the podcast where given the inflationary period that we're at and with high increasing interest rates or whatever, I have a property in Florida where it's going to need some work.

And I'm questioning myself, whether I should do the work now, given the inflationary period and high interest rates or hold off on it, because it's not really going to add.

Well, it could add value. This is the whole thing. This is the whole predicament. It depends what I do with the property. So the situation is I purchased a property back in March in Florida.

It needs some electrical, it needs some love. They haven't upgraded the electrical in a while. And I wanted to upgrade any electrical deficiencies in on the property.

And it's going to cost roughly around 50k to do so. Now, it's not really adding value to the actual property where I can demand more of a room rate rent.

But it could add value or will add value. I'm perceiving if I decide to a refinance, which is the whole point or sell the property at a later date.

So that's where I'm crossed between both. Do I really need it? Should I go ahead with it, given that it's going to cost me 50k and also just to add to that equation.

I also have area where I wanted to do a patio in Marco. I think I brushed this upon you before. I wanted to do a patio where it's going to actually serve my guests or serve my tenants to enjoy that patio, have drinks and have a profit center in there as well, selling wine and beer.

And that one's about a $15,000 price tag.

Okay, but that one is separate because there's going to be revenue to that, right? That a separate profit center. So I think that's going to be a separate cost benefit analysis, right?

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