All Forum Posts by: Daniel Kevin Lara

 Thats what ihave read but alot of people do it themselves while the other top wealthy investors hire out and it just popped into my head to ask the question if there was any difference? Cause iknow theres like the crown trip thats cut out and then theres the pre made crown mold trim thats like plastic. So wondered if that even mattered cause of the quality of material/what you spend on the rehab vs you making it look really nice but doing the work right?

hope that make sense?

any website that you recommend that does comparables? Ive heard of some but forgot the names of them. They say they're very good and made for such searches and comparisons vs redfin and zillow and them.

TIA

 What if iknow a couple people that do that do rehabs/construction on the side and dont have an established company but they help me build what ineed done in a short period time (3-4) months? Do you think that can affect the appraisal if they ask me what company did it? But if ihave the reciepts and the quality looks on point do you think that would suffice?

So pretty much find a property thats closed to mine thats fixed up with the same to close description as possible and try to do a similar rehab right? to get the same costs/value out of it?

 Thanks for the info i truly appreciate it. I had always wondered because ifelt that now that the world is changing, ifigured the more modern and open things looked it would look of higher value because thats the new trend for the millenials, gen z, and what the future is u folding to? 

but thanks for the 411

 Why wouldn't it get the same value? Is it cause one is treated as a business so they look at the income numbers that it brings in vs the other one because its a residential home and they compare it to the rest of the houses around that are similar?

or something like that right? Ithink iheard somewhere that they get treated differently? But wouldnt the rental house with the rehab receive higher rents due to its curb appeal and updated interior? Therefore bringing in higher quality tenants right? Thats the given difference from the rental vs residential home?

Hey there rehab investors.  Icame across someone who said they used a 0% interest apr credit card to rehab a property.  Wondering your thoughts on that to leverage the rehab expenses side of things if you're low on cash/capital and the rehab costs are a couple thousand dollars?

Any other creative ways that you came across financing would be very much appreciated.  Thank you.

 Oh wow really? I would of thought that they would check every crevice down to the detail?!

so then its safe to DIY my first project and do ut as good as possible to save myself some money, add value, and potentially get some good profit when i refi correct?

ima look up the 80/20 rule cause i dont even know what that is.

Now i dont know if the title even makes sense but let me break it down some.

so is there a difference in the ARV when refinancing when you DIY your rehab vs when you hire out contractors who specialize in this field?

cause my question is when you're going to refinance what exactly do the banks look at? Like do they ask for receipts of who did the labor making sure its someone who is certified to do the work etc? Or do they go off of just the upgrades and the updates that you added to the home weather it was done through a contractor or DIY'd?

hope this makes sense and TIA

 Oh man thanks for the numbers, now ihave an idea as to how much it is. Now for the kitchen, does that include like appliances and the buold of an upstairs kitchen except maybe smaller? Like small stove, fridge, sink, and small cabinets etc?

 That makes alot of sense and thats what ifigured myself but idefiniteley didnt look into the time it would take for rehabing it and missing out on the cash flow. Now im assuming you have some airbnbs yourself? If so, around how much (an estimate) is a typical startup cost to complete a full downstairs of a home for airbnb while istay upstairs to myself?