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Updated over 7 years ago on . Most recent reply

User Stats

164
Posts
30
Votes
Kelly Conrad
  • Real Estate Investor
  • Minneapolis, MN
30
Votes |
164
Posts

Help on where a dishwasher could go

Kelly Conrad
  • Real Estate Investor
  • Minneapolis, MN
Posted

Hey everyone! I'm not sure if this is even possible, but if we purchase this property, we want to re-do the kitchens and update them. The problem, is that many deals for appliances come with a range, fridge, microwave, and...a dishwasher. Due to how these kitchens are set up and that if has to be connected to water....I'm not sure if we'll be able to. Maybe some creative thoughts not involving completely re-doing all of the water and gas lines?

Most Popular Reply

User Stats

480
Posts
344
Votes
Tony Wooldridge
  • Rental Property Investor
  • Walla Walla, WA
344
Votes |
480
Posts
Tony Wooldridge
  • Rental Property Investor
  • Walla Walla, WA
Replied

@Kelly Conrad, I cannot say that I disagree with anything that our fellow colleagues haven't already covered! Your profile says that you want to BRRRR a property and that you are a buy and hold type investor. The question you have to ask yourself is: Is the ROI worth the work/money spent to do the project. If the question is yes than absolute get to demo and install that bad boy, if not forego the dishwasher.

I would check in your local area with your (if you have one) PM company and find out what the demand for this type of appliance is and if it is negligible I would not do it. Remember in the end, it is all about making $. Whether that is fix and flip (which I do) or buy and hold getting more cash flow due to your upgrades, it is all about ROI and how to get more $! Thanks for allowing me to share and I certainly wish you nothing but GR8 success in your 2017 REI ventures!

  • Tony Wooldridge
  • Loading replies...