All Forum Posts by: Stephen Dallas

I am surprised by how many posts there are looking for "a property manager", instead of using PM software?.

Anyone with experience using Zillow Rental Manager?. Any other suggestions?.

Thanks Evan.

regarding the $100K/$80K comment, someone asked what the current value is and I am saying between $80 and $100K.

I did not include Capex costs because I do not expect them to factor in the next 5 to 10 years on a complete rehab(everything new).

The property was purchased for $35K, we have a rehab budget of $160K($180K with contingency) so all in for $215K. 75% of ARV is $203K. Maybe $12K oop or if project management is in our favor no oop costs.

Oh, I would ask for $100K, but it would likely sell for $80K.

So 66% vs 75%?. Am I missing something?.

I am finishing(2 wks)a total rehab now and will finance to cash out. Can use that to fund, but will first try to finance. Bank/PM or HM/PM. I am not concerned about the size of the project. Need to verify the accuracy of the cost, be tight on the workflow and budget and get the right team!.

Thanks for your reply.

I have owned the property for some time. Had to stop investor activity because of $$$ difficulties, so now starting back. 

I plan to get 2 more estimates and run new numbers.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

would you do this?.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

this off market property is available for me to buy. I have the exclusive until october. the owner is insisting on 155K. the basement is unfinished so I plan to finish it and change the half bath to a full bath. So it will be 3BR 2BA with a finished basement. The ARV will be $205K.

need comments 

This is a rehab for rent and I would like to freshen up this porch as my project(the rest is hired out). I would like some suggestions from the community. The wood is solid, no rott.

Are they mutually exclusive?. We have more influence over cash flow than appreciation and I would like to aim for both.