All Forum Posts by: Shawn Sopic

I'm currently flipping an older brick single family home in central PA - 2700 sq ft, 4 BR 2.5 BA with ARV around $290,000 which is fairly high in my area. It currently has no cooling system (just ceiling fans). During this heat wave the temperature on 2nd floor has been in the upper 70s and even hit 80. I'm getting ready to list for sale within next couple weeks, but I'm afraid once we start showings, potential buyers may pass once they notice how hot it gets.

My question is, do I bite the bullet and add mini splits? Will I get return on my investment for something like that? Or should I just throw in a couple window units? I’d love to hear your opinions.

Thanks!

I’m currently working on a flip in central/western PA in a rural area. We converted an existing extra room into a brand new looking laundry room with washer and dryer hookups. The laundry was previously in the unfinished basement. Should I include cabinets/shelving or just leave the room bare with just the hookups so whoever buys it can design it how they want?

I’m getting tight on budget and want to make sure it would be worth while to add cabinets/shelving before I do so. 

To give more background info, this house is a 3-4 bedroom house with 2.5 baths, 2700 sq ft in a nice rural neighborhood with fenced in yard. Bought for $95k, putting 120-130k into rehab with labor/materials. Comps are going for around $300k (but I think ours has a littler nicer finishes so may go higher). 

And I would appreciate it if anyone has any other tips when tight on budget to get the most bang for your buck. 

Thanks!

We just went under contract on our first investment property which we plan to flip.  Its a large house in a nice neighborhood in need of some TLC.  We're using an interest only loan with 25% down.  In current market conditions, less buyers have made great opportunities to get good deals - which we got, so we pulled the trigger.  Im just worried about the market in the next 6 months or so once we're done with renovations because obviously we'll need buyers and hope interest rates come down some.  There are some solid comps in the area within the last few months.  Any tips to navigate our first flip and how to maximize our returns in the current market? Thanks!

I'm a new real estate investor and was wondering what software is best for bookkeeping? My wife and I started an LLC and are in the process of buying our first single family property in rural central Pennsylvania. I want a program that is user friendly and good for organizing documents and generating reports needed for tax purposes.

Any input on this topic is greatly appreciated!