All Forum Posts by: Andrew McLain

Just wanted to follow up with my promise to show 360 photos of a project that we recently finished at Residential Revival.  This was a 1950's house that we gutted and turned into a brand new modern 2017 house.  Set up the Ricoh Theta camera today on a tripod and shot the whole house in less than 5 minutes.  See link below.  You have to click the arrow icon in the top right of the photo to view in 360 mode.  Hoping to close on the house this week.  Will post full success story then.

https://goo.gl/photos/RLaDHc78kXR4pKaA7

Jennifer,

Can you send a larger photo or link to the original photo?  Hard to tell what it could be.  If the assumption is rust, then you can only conclude that it is the combination of metal and water(moisture).

If you're capable to and want to, why wouldn't you?

Hey everyone.  I'm not a marketing pro or a realtor but I do know how you can save the above mentioned $5,000 for a camera and get pretty close to the same effect.  I work as a Commercial General Contractor as my day job.  To communicate what a space looks like to our subcontractors, we use the Ricoh Theta camera.  $199 for the basic model.  We use the $299 model as it also does videos.  This is a huge time saver and everyone loves it.  It's a simple point and shoot camera.  The way we share the 360 photos is by uploading them to Google Photos.  Then just share the link in an email or however else you reach clients.  For example.  See link below for our initial job walk photos of a basement remodel that we(Residential Revival) are just now finishing up.  Click on the icon in the top right of the picture to view in 360 mode.  It's not as professionally done or have the same interface but are you getting 5K more on a purchase price to go that route.   A few notes:

1.  You need a well lit room.  The darker the room, the grainier the photo

2.  You can buy a stand to mount the camera on and control it from your phone if you want a picture without you in it.

3.  I'll take some after photos of this basement and add to this post at a later date so you can see the work we do at Residential Revival.

 Let me know what you think.

https://goo.gl/photos/HF6kmP3HHYK8Jbdd7

Art.  I would say no unless it's a local code requirement.  I've never heard of such a thing and we have never done that on any property.  I don't think you or any tenant would get any financial return on the cost of labor and materials you put into that effort. If you're getting that much noticeable air infiltration then there is likely a larger problem in the attic.  It sounds like you're about to tackle that project and I would wager that the air infiltration will be greatly reduced or eliminated once you insulate the attic.

Points of consideration

1.  If the house next door is boarded up, how solid is the area?

2.  I agree with Jonathan. 6K for a whole house rewire isn't out of line.

3.  Copper thieves are opportunists and will break into any house in any neighborhood

4.  You seem to have a very niche market and if you and your husband are leery, then move on to a deal where you don't feel so.  Especially if this is a first type of project for you.

5.  Pilots rent homes Air BNB style?  I never knew.  Thanks for the insight.

2017 Or Bust

Grow Baby Grow

Daniel,

At Residential Revival we own all our homes in our LLC. We wanted to build a business instead of a group of friends whom each own real estate. With that said, we struggled originally with finding financing/refinancing options but you'll just have to reach out to local commercial lenders. They will readily lend to an LLC. You will have to personally guarantee it. We haven't found any way around that. Also, their rates have always been ARMS on 5-10 terms with 20-25 year ammortizations. That's just the name of the game commercially. Since we have hit that wall ourselves, we are instead going to focus on doing flips and General Contracting work until we can buy rentals with better terms. Happy Investing!