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Updated about 6 years ago on . Most recent reply

User Stats

166
Posts
113
Votes
Spence Kal
  • Rental Property Investor
  • OH (ohio)
113
Votes |
166
Posts

First flip in college, how should I tackle this?

Spence Kal
  • Rental Property Investor
  • OH (ohio)
Posted

Hey everyone! So I have a house in Jefferson Ohio, small town, not much going on there, most of the houses are older but its a decent town. I bought it for 55 with a private money loan, and plan to put 30 into it. The siding was just finished for 12.5, and I'm starting on the inside. The price I hope to get is 115, but based on others in the area will probably end up at 105. I definitely underestimated Reno cost, and now have to do some work myself like flooring, but I wanted to get some others opinions on a few things. Would it be a good idea to do granite counter tops, and put stainless appliances in a house for this price? Also what about a small deck off the kitchen floors are going to be laminate upstairs and vinyl in kitchen and bath, new cabinets, opening up the kitchen with a window between it and dining. Its 1300 sq ft, 3 bed 2.5 bath with 1 in the basement. I know its kind of a vague question but if anyone has ideas Id love them! Im really stressed about getting this done and not losing money at this point. 

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