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All Forum Posts by: Joel Florek

Joel Florek has started 35 posts and replied 521 times.

Post: Project 3 Done! House hacking with no (net) money down!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

Looks great! 

When It comes to live in rehab projects there are a few important tricks you need to master for it to become a bearable process. I have grown up in live in rehabs my entire life. I have lived in 15 homes in 20 years. All were extensive renovations. 

Our motto has always been bedroom, bathroom, then hard to get sections of the house.

The first trick is getting your own place in the house. Typically bedrooms dont require much work. As long as you take care of any electrical and plumbing work that may need to cut through the walls you can quickly get that space finished and in good living standards. Put your TV in there(no need for cable, just Apple TV and Netflix) and your good to go. Shut the door, have something to cover the crack underneath and that becomes your dust free, dirt free zone! 

The next trick is the bathroom. Depending on your number of bathrooms pick one that will be quick and easy to renovate but can serve all your purposes(dont get stuck without a shower by starting with a half bath). Bang that job out fast! Basic bathrooms with one or two decently qualified people should only take 3 days, 4 max even its a complete gut job. For more complex bathrooms with lots of tile this can extend for a full week, or even two with only a few hands. 

With that being said the rest of the house is yours to attack. If you need to carry all materials through your living space and kitchen to get into the basement which you are finishing dont do your kitchen and main living space yet. Bang out the basement job, finish it and close the door. No another dust free dirt free zone. 

What kills people in live in projects is they try to do everything at once. Section projects off and make sure you wont be getting a finished space dirty when you move onto the next space. 

Good luck in future endeavors!