All Forum Posts by: Kase Knochenhauer

@David Cao - great question! As @Pat L. mentioned, this can be performed easily for most properties if you have the money available.

Depending on your price point, kitchen installation costs will vary greatly. Not knowing your specifics, I'll give you our really rough overview when we account for kitchen installations for our properties in West Michigan (Grand Rapids area).

New Kitchen installation - $10,000 for a rental to $15-18k for a low/medium price flip ($150-200k home)

Moving a kitchen will depend on the structure, however, you could probably make a rough estimate of 4-8k for most properties. Some could run way more, others less.

The main downside of moving a kitchen is the new permit requirements that can slow your flip turn.

Seeing you are in the Bay Area now, it's likely that moving your kitchen would be a very small portion of your renovation costs given the high property cost in your area.

@C Loston - welcome!! Bigger Pockets has some amazing resources. :)

My quick tip for you: create a plan for navigating this website daily/weekly. Dive into a specific real estate niche and ask lots of questions. Listen to lots of podcasts, go to a local meetup, and don't forget to actually start investing!

Inaction will be the first step to a slow real estate career.

@Courtney T. - I've not found any local corporate roofers that will provide a competitive price. We use a local non-branded roofer for 1-2 dozen roofs annually (except flat roofs). For flat roofs we use Action Roofing in Grand Haven.

I'm not sure he'd want his personal cell posted on this forum. If you or anyone else is interested, feel free to PM and I'll shoot you his info. :)

**a note for you: while he does a great affordable job with the roof installation, they are horrible at cleaning up the yard following their work!

@Tejveer Singh - @Charles Kao, is a local agent and knows the Muskegon area well. I believe that he works with buyers but am not 100% sure. :) Charles? At the least, you could request to be added to his wholesale buyers list.

If you find that he doesn't, feel free to touch base with my team and we'd love to serve you. :)

@Ari Dubinsky - great question! To provide value to out of state buyers you have a few options depending on if you have time or money.

If you have money:
1. Offer to fund their deal (at a really good rate) with hard money in exchange to being able to look over their shoulder.
2. Partner with them financially on one of their current/upcoming flips (example: fund 100% of the purchase in exchange for a percentage of the profit).
3. Ask them - "I have $xx,000 available - if these funds were available to you, what would you do with them and how might you imagine I am involved?

If you have time:
1. Cold call craigslist leads, facebook Marketplace leads, find distressed FSBO sellers, absentee owners, etc --- pass on the leads to the investor for FREE. Ask to learn from them as they work the lead, set the appt, negotiate, fix and flip.

2. Give them whatever highly valuable skill you have (accounting, sales, marketing, etc) for FREE. You will learn so much by being able to following the example of experienced investors and you will avoid the pitfalls that new investors often fall into.

@Jamie Brayton - we are in the same boat. We'll flip 40 homes this year and list another 20-30 on the retail market.

However, that means that we have 300-400 verified sellers that we drop the ball on every year because we can't pay what they need.

My imperfect solution so far is two-fold:

1. we have an in-house real estate agent that helps retails buyers & sellers
2. lock up the wholesale deal and refer it to another wholesaler in the area to market. (*I disclose that I'll be assigning the contract to the seller). The other wholesale takes a referral on the deal and I don't have to worry about marketing the property.

We've been pretty happy with the solution so far but still have many leads fall through the cracks.

@Ari Dubinsky - I've got one super easy tip if you are stuck on finding the right property: partner with another experienced investor in the area.

Experienced and producing investors have properties rolling off their shoulders, you just need to be there to catch them.

Find an savy investor in the area and see if you can provide value to him/her for free. Your earning will come in the way of opportunities and education.

Several years ago I discovered something amazing that I want to share with you! :)

Home Depot has an 11% Rebate discount to match any Menards discounts issued at that time; but is limited to parts of AR, IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, WI & WV. 

You can see if you qualify here: 
https://www.homedepotrebates11percent.com/media/uploads/1574088507227.pdf

Who else has had success with this program?

@Andy C. did you end up getting a rental or any properties in Grand Rapids? I'm always curious to see how plans change or move forward. :)

@Andy C. did you end up getting a rental or any properties in Grand Rapids? I'm always curious to see how plans change or move forward. :)