All Forum Posts by: Callen Stewart

Hello, my name is Callen Stewart. I am from Lubbock, Tx I am 23 years old and currently working on my MBA at Texas Tech University. I am also finishing up my real estate license, as well. 

As for my real estate goals, I am starting with the BURRR method. I am excited to be working on my first project as of this week. My goal is to buy three houses in 2020 (including the current one) and get the refinanced and rented out. Furthermore, I am going to try to double the number of properties each year following. I live in a college town, and I invest in a neighborhood that is middle to upscale living for college kids and professors. I am starting with 170K in capital, and I want to make that capital work as much as I possibly can. The issue I currently face is in my target market; houses are only leased from June to August due to the calendar school year. If anyone has any advice on what types of projects I should work on from August to December (due to my three-month renting period), it would be much appreciated. I am also open to bigger flips and increasing my capital in these months as well. 

Bigger Pockets has been a massive help in my education in real estate over the past year. From all of the books, podcasts, and running numbers on properties. I look forward to communicating with everyone in the future, and thank you in advance for your time and advice. 

@Theresa Harris Thank you for all the help. The triangle method makes perfect sense; I have just never had it explained to me like that. 

@Tyler Weaver I know islands can be costly. Do you have any strategies on ways to save money when purchasing/installing the island? Thank you for your time. 

@Annette Hibbler This is excellent advice, and I love the IKEA and the black Friday ideas. Thank you for your time.

@Account Closed I have looked at the hood vents, and I think it adds great visual appeal to a kitchen. Especially to an appraiser. Haha Thank you for your advice. 

@Jaron Walling

Yes sir, my kitchen budget alone is 12K. I agree with you on how dated the cabinets are, not to mention the layout. Thank you for your time and help.

Callen Stewart

@Jon Reed

Yes sir, my kitchen budget alone is 12K. I would be in trouble with this property if my total budget was 12K.

I appreciate the advise. Would my best option be to buy just middle grade unpainted cabinets and finish them myself after installment in order to save money?

Thank you for your time and help.

Callen Stewart

Hello, I am just getting started in real estate, as this is my first BRRRR project. I am 23, so I lack experience. I have read countless books. However, I know how important experience is, and any advice would be much appreciated.

          Below, I have posted a picture of a specific kitchen that I am remodeling. I prefer to keep as much of the cabinets as possible and just paint, replace hinges and handles. I am not sure if I should move the sink and replace it with an oven or place an oven in another place. Furthermore, I can't figure out where to put a fridge, dishwasher, and microwave. Also, should I add some cabinets or an island? I have a budget of $12,000, excluding flooring. Thank you in advance. 

-Callen Stewart

Lubbock, TX