All Forum Posts by: Dan Nad

You're taking on debt and negative cash flow right at the beginning of a recession? Are you nuts? That's it, that's my deal analysis.

Well, it wouldn't necessarily be moving the existing kitchen, so the window heights don't matter. It would be ripping out the old kitchen and putting in a brand new kitchen in a different location. The expense wouldn't be that bad because the kitchen has to be redone anyway. But you're still 100% correct, it's a dumb idea. 

Yeah, you're correct. Thanks for responding

How about moving the kitchen to the front door? Then the front door/stairs dump right into the kitchen, and then "in the back" there's a family room that's functionally separate from the front door/kitchen/stairs. Also, because there's a door/driveway in the back, plus a utility room/potential bathroom area in the back, a suite could be made out of the back area with it's own door. Anybody tried this? How much would it cost to move a kitchen to the front of a 1000 ft townhouse? thanks 

Interesting, thanks. I'm not a consolidator, but I would like to buy & hold an option on a developer buying up the whole block. The location is so perfect (and condos are going up all around) that I have to believe it's just a matter of time in the next 3-10 years. It's in a prime location & with a big front and back yard so the structure is already a tiny fraction of the total value. Plus it's on a major road so not at all ideal for SFH.

I'm looking at a house in a neighborhood with increasing multi-tenant development. It's a block that's perfect for knocking down all the houses and putting up an apartment or condo development. So my question is, how do developers consolidate all of these small lots before development? Do they make a blanket offer to all the homeowners or negotiate individually? How much of a premium do they usually pay for the land? Obviously the price has to be higher than land + structure in order to motivate sellers. 
Thanks

Shane, congratulations getting started on your Peabody flip. It looks like the house is semi-detached. How is it going? And it looks like there was a house down the street that sold for $535,000. How did you arrive at your ARV? This is a public forum, but others are probably interested in hearing about it too. Thanks

This is a question about how to get the most square footage from the layout. I've been looking at townhomes with between 800-1200 sq ft. Usually the front door opens into the living room and the stairs. The living room functions essentially as a hallway for traffic up/down and in/out, rendering the living room useless as a place to hang out, unless you want people passing through all the time. Some rehabbers deal with this by opening up the entire space and turning the living room/kitchen/dining room into one space. That works for some people, but it has drawbacks. One alternative I've seen is putting the front door in the kitchen. 

Anyway, my question is how people have dealt with this problem. Is the living room dead space? Is the kitchen a better focal point for the house? Has anybody tried reversing the stairs to land in the kitchen and not in the living room?