All Forum Posts by: Sean McFadden

 @Nate Green:

Hey thanks. I really have been trying to create a house that is crisp and appealing. I really do not want my rehabbed houses to have the same feel as everyone else's typical rehab. The backsplash tile was is a blend of marble types and a standard 3x6 subway tile size. In the end it was roughly 60% (@ $5 a sqft) cheaper than a marble mosaic in the same pattern in solid Calacatta marble. 

Hey thanks guys for the feedback, makes me feel better about my renovations so far.

I was really tire of looking at my main floor bathroom. So, for two days after work I slaved to get this done. The before picture isn't the best but the walls were a dark carmel/brown color with a red horizontal stripe. There was this 23" deep oak vanity with an ugly cultured marble top blocking the flow into the bathroom. I was planning a total gut, but then I figured I'd see what I could do with what I had. The total reno here only cost me $251. Only cost left is to get a new radiator installed below the window.

Cost is as follows:

-American Standard "Standard Collection" Pedestal sink (new from Craigslist) $80

- Delta Faucet $120

- toilet seat $6

- Sherwin-Williams "Windy Blue" mistinted paint $5

- Sherwin-Williams "Dover White" mistinted trim pain $10

- MDF 1x4 trim boards $25

The Before

The After

Thanks guys. The kitchen has been my main focus since it is the largest project. Next big project is my second floor bath.

Taxes were taken in to effect within those figures. I plan to hold for 13-24 months, lowering capital gains to 15%. I love cutting grass, so that is basically free, and my mother is a relator.... so most I would be paying out of pocket is 3.5% or about 8k. I am not counting insurance and utilities as a cost as I would be paying them anyways if I were to be renting. But, so far the utilities have been very reasonable, ~$130 a month (I've been warm, but I'm single so not one to complain!) I have a 30yr fixed mortgage at 4.265%, so that is relatively low.

To answer your second question, yes I am doing everything. Once I have everything wrapped up, by summers end, I will have it professionally photographed, not my iPhone haha.

And just because I like my place to look nice at night.... a waste of $99 but whatever.

I guess I should tell you about the house.......

Year Built: 1931

Approx 3,000 sqft with finished lower level game room. (super deceiving house)

3 Bed/3 Bath.

New wiring, new On-demand hotwater boiler system, 9 ft ceilings throughout

Now for the Afters:

Front (I am still trying to decide on colors etc)

Living Room (31x13) so I am using and staging it as a Liv/Din combo

Dining Room (16x16) being used as a Family room since there is a breakfast room off the kitchen.

Now for the Kitchen (12x13) Complete gut job. New painted maple shaker cabinets, calacutta/carerra marble backsplash, and light grey quartz counters. Longest part was waiting for the cabinets...

Showing the open shelves prior to counter, I just don't have a picture completed right now, haha.

Hey all I am finally following what I love doing and it is wonderful! Being 24 yrs old and having a decent job etc most people thought I was crazy for taking this project on. I will be updating this post as I go until the home is listed. This is also my primary residence till its sold, then I will move on.

Here it goes:

Numbers:

Listing Price: $145k

Purchase Price: $113.5k (w/$3.5k CC)

Projected Renovation Costs: $20-25k

Projected Sales Price: $185-190k

Projected Profit: $35-42k

Before Shots: (Of what I have changed in the past two months)

Front:

Living Room:

Dining Room:

And my Favorite.... The Kitchen

Wow. That's all I can say. Great work so far!

Hello All, Quick shout it to Brandon and Josh, you two keep me entertained for hours a day with your podcasts. Auditing can't get any more fun. I am a 24 yr old living just south of Pittsburgh and I just got to buy my first flip that's is also acting as my current residence. I work full time as a corporate auditor at a large bank and have been doing all the rehab work myself. I am a design/architecture freak, which is what I went to school for so don't ask why I am an auditor. Haha. My goals are to get this house done and sold just after 13 months to fall into the lower capitals gains bracket. I want to get the point where flipping is my job, renovating and building are what I love doing. I'll make a thread outlining my flip so far. Disclaimer : this was typed with my iPhone, sorry for any errors.