All Forum Posts by: Kyle Nelson

The stone core (SPC) is a more stable core in the click lock world of floors. It has more resistance to denting as well. It also handles direct sunlight much better than the other types of floating vinyl floors.

Hi there, I’m a flooring installer of 15 years. I’d go with a vinyl plank. Best floor for the price point and works well in wet areas like baths and kitchens. I prefer the Coretec brand, I’ve seen some major issues with the low end products with warping in direct sunlight and locking mechanisms failing. A good quality LVP will be between $3-5 ft depending on what kind of tarrif the president slaps on that day!

Anything that is highly valuable has high barriers of entry. You don’t want it to be easy or it will strip the value! Once you’ve done a deal you’ll realize it was probably more costly to let deals get away that you didn’t deem perfect.

Keep on truckin’!

Even the quality turnkey companies are coming in at, or just under, the 1% rule. To me this is a good indicator that the market it a little too hot and needs to cool off. That’s just personal opinion though.

I absolutely agree, my point isn’t to be more risky, it’s just that not all of these rules are as hard and fast as it seems sometimes. I myself play it very conservatively, but don’t hold to the 2% rule because for me those are way higher risk properties.

I’m a flooring installer, good call on replacing subfloor! That is one rotten floor!! This makes a strong case for ALWAYS using moisture barrier pad under carpet! The upfront price difference is minimal.

When I first started listening to biggerpockets, there was often talk of the 2% rule, this left me discouraged that I couldn’t find any deals anywhere close to that. Fast forward a few years and now I’m having a hard time finding 1% deals while I missed out on many that would have been 1%+ the last few years. It doesn’t hurt to play it safe, but know your numbers and what you need to get the deal to work and this will help you sort out deals faster and more efficiently. Some 0.9% deals are great for many markets , if you hold fast to certain ideals than you might miss out on one of the most important things any investor has, time.

Starting and not giving up!

Steve, why not turn them into short term rentals yourself? If someone else sees that much profit in the properties maybe you’re not getting the most out of them currently

@August Olgren

No offense, but in general if you have someone working for less than half of the going rate you should probably consider why. Would you want an electrician that charges $20 an hour? Tile can last a lifetime if done right, or it can be an easy removal for the next pro which will be along sooner than later. I know guys that ONLY demo flooring and they just love the $2 per sq ft guys!