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Updated over 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Austin, TX
176
Votes |
280
Posts

What do you consider a "Cosmetic" fix and what do you not?

Account Closed
  • Rental Property Investor
  • Austin, TX
Posted

I've been listening to the BP Podcast since 2014 but, due to a serious of detours,  I'm just now getting started this year at age 36 after reading Rich Dad Poor Dad. It really set a fire under my A**! I set a goal of owning 4 cash flowing SFHs this year and so far have 2 under my belt and one currently under contract. The first two were mild rehabs but this third one, which I am implementing the BARRRR method on, is in a bit rougher shape. Overall, the HVAC, Roof, Foundation, Electrical, Plumbing and all other major systems are in good shape and it is livable; the property just needs all new cabinets, flooring, painting, doors, and fixtures. 

While I consider much of this cosmetic, others may not so I'd like to hear your thoughts on what you consider cosmetic rehab and what you would not!

Most Popular Reply

User Stats

65
Posts
54
Votes
Ross Kalmbach
  • Rental Property Investor
  • Plano, TX
54
Votes |
65
Posts
Ross Kalmbach
  • Rental Property Investor
  • Plano, TX
Replied

Good area now. Shreveport crime has gone up and everyone wants to live in Bossier.  Not to mention Shreveport won't let new businesses in. Lots of opportunity. I have a few properties in Greenwood/Shreveport. 

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