All Forum Posts by: Marci Stein

Paint the cabinets white .

put on beautiful new knobs .

add a backsplash to the kitchen and perhaps the bathroom

It’s a unique situation since the property was bought for your own use.
Therefore, it has to be an enjoyable environment for you, which you can comfortably afford .

making a profit is irrelevant since it is not used for investment purposes.

Although I’ve been a landlord many years, I bought my first flip.
the contractor has the key to my house and works on his own. 

I asked him to replace  two bathroom sconces and one kitchen light ,

which he did - 

but told me it took him four hours because there was a wiring problem. 

I said he should have called me if there was a problem 

because I thought that task would take about an hour at most .

now he wants to get paid but it’s not fair to pay him 4  hours without consulting me first .
I am willing to pay for one hour 

please give me your thoughts on what you might do . this is my first flip, thinking it might be my last.!
thank you so much .

Welcome to BP !

you are in the right place for learning .
every day read as much as you can and soak up all the invaluable knowledge here on these posts . Ask away. 
you have found a treasure site 

and if you follow much of the information here eventually, you will be prosperous.  enjoy!

 Seems like I will replace the Septic since I asked for your advice and highly respect it. Ty!

Just to add ,  not every inspection covers a visual of the septic tank .

if they run the water and all mechanicals, they are working fine . 

other than a visual there are no signs of it not working . 

Do you mean the person buying my flip will ask me for money off to buy a septic ?

the septic needs to be replaced . it is a corroded metal container and I was told Leitchfield‘s should be replaced , as long as excavater is there already

Theoretically, I would guess an ADU adds value to the property because there is an additional income producing unit.
as for the costs, etc. you would need to contact the company and find out the numbers

Seller accepted my very low offer because the prior buyer walked away when the inspector informed him the septic was corroded.

However, it is currently working fine. This is a flip. Do I spend 18 K to replace it even though it’s working fine but corroded? 
thanks !!

Congrats on your new adventure!

I find real estate investing very exciting and it is an ongoing learning process.
BP has been invaluable. 

You will find everything you need to know if you are dedicated to reading these posts and listening to the podcasts.  good luck.