All Forum Posts by: Account Closed

This might be a long shot but I am looking for a contractor in San Francisco to remodel my kitchen and bathroom before I sell. Both the kitchen and bath are exceptionally small, but the bids I've gotten have been around 50k for the kitchen (even with no footprint change) and 30k for the (5x8) bathroom, and there is pretty easy access underneath to both. I would actually pay for a good referral at this point... my budget is around 40k for both the kitchen and bath but it's looking like that is wildly unrealistic. 

Hi Bryan!

Thanks for your input. As someone with little or no experience flipping (besides an understanding of the headaches of having tenants and dilapidated rentals)  my first thought was to spend time networking and studying the local market before jumping in to buying properties. I know that finding reliable contractors and uncovering potential issues with rentals will be a bit of an uphill battle for me at first so I plan to not be too overzealous. :)

Hi Missy!

Thank you for your response. I've been thinking about selling my condo here anyway, but I definitely am going to consider areas a few hours away from SF a little more before I fully commit to moving out of CA. :) I do think I need to look a little more in depth at the areas surrounding my current location.

Hi Everyone!

I currently live in San Francisco and own a 1bd/1ba condo outright. I love it here and am a California native, but my "dream" is to buy, flip, and hold properties and it doesn't seem like California is a great place to do that. With that being said, I am seriously considering selling my home here and using the cash to invest in Philadelphia and the surrounding regions (I could consider moving to virtually any area that offers a good ROI though). I'm focused on PA because my boyfriend has family there and knows the area. I feel that I currently have the capital to do so, as well as the time and interest, and I'd like to make a career out of it. My parents were flippers when I was a kid so that's probably part of where my interest comes from.

I guess what I'm asking is, does this sound like a crazy idea? Is there any advice you'd offer? 

I'm also a little worried that I'd be moving there in 2017 and the RE market could be peaking (just based on the natural boom/bust cycle I've seen historically). 

Thanks in advance for your input.

I selected the flipping/rehabbing category on my phone (or so I thought) but I must have bumped this one with my phone. Will try to change the category or repost. 

I got a bid for 30k for a non-luxury remodel for a 5x8 bathroom that involved moving plumbing  (has a crawl space underneath). I then got an estimate from another contractor to convert a small laundry room into a bathroom for 50k. This is in San Francisco. Does anyone know if these estimates sound about average? If so, I can't see how renovating would be worth it. I am working on getting more bids but have been having an impossible time getting contractors on the phone.

Thanks in advance for your responses!