Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Kansas City Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

171
Posts
95
Votes
Milton Chamberlain
Pro Member
  • Real Estate Agent
  • Kansas City, MO
95
Votes |
171
Posts

Newbie trying to understand rehabbing and financing renovations!

Milton Chamberlain
Pro Member
  • Real Estate Agent
  • Kansas City, MO
Posted

Hello all! 👋🏾 My husband and I are new to real estate investing. We just bought our first 3 SFH (buy and hold) in Columbia, MO. We bought these from my dad, who we didn't realize was essentially a slum lord 😳 (sadly, he didn't realize this either 🤦🏾‍♀️). We didn't have inspections or anything done since we were buying from family. Needless to say, we have learned our lesson there. Anyway, we have one house that will be vacant within the next few months and it will most likely be a gut rehab (3 bed, 1 bath, 912 sq ft). We are having an inspection done and walking through to get bids for the rehab within the next few weeks. The whole layout is pretty funky as it was built in 1930. I think redesigning the layout would really improve the house, but I know nothing about designing or floor plans or anything (I am a dentist by day 🦷 ) Is there a good floor planning software that is recommended or would you hire a professional to help figure out how reconfigure the space? 


Also, ideas for financing the rehab? We've depleted much of our funds buying these 3 houses and we're in the process of rehabbing one of them currently. I was considering opening a HELOC, and had thought about a cashout refi, but didn't know if that made sense since we haven't yet closed on the house we would do this on (the one currently being rehabbed). Any and all suggestions are welcome! Thanks so much 🙏🏾

  • Milton Chamberlain
  • [email protected]
  • 573-356-1607
  • Loading replies...