All Forum Posts by: Tim Greenfield

@Joel Fine- Joel same here. Even in the neighborhood I currently like though (Lakewood) and other similar ones, prices have been rising over the past 2 years.

@Michael Ross check out RWN for syndications, normal minimum is 50k, although many syndications require "accredited" status, there are a few which you can jump into with "sophisticated" status but they are not as common.

I am getting close to this as well. I listened to the Podcast with Mike Anderson where they talked about getting a portfolio loan for all of your rentals and as long as they are cash flowing, you can get a line of credit to pay off your existing mortgages and then have cash left over to pay cash on more houses, plus you can start buying housing again as you are under the 10 houses now due to the payoff. 

This is great how you guys are getting together. I am on the other side of Germany close to Frankfurt. This is inspirational and perhaps a kick in the butt to put together something over here.

@Peter M.- Thank you for the response!

@John T. - I am out of state so I do not know what the normal rate for Houston would be: I have the following: 

Each side is 1,954 sq ft or 3,188 total. 

Normal with carpet is 3.69 a sq ft; 

extra planking in bedrooms except stairs is 5.39 a sq ft or 1.70 more.; 

All vinyl planking throughout including stairs is 5.97 a sq ft or 2.26 extra. 

The product is Luxury Vinyl Plank Glue down Lyndon NLP205 and is 2.0 mm

Originally posted by @Greg H.:

What is the square footage ?

 @Greg H. Each side is 1,954 sq ft or 3,188 total. Normal with carpet is 3.69 a sq ft; extra except stairs is 5.39 a sq ft or 1.70 more.; All vinyl planking throughout is 5.97 a sq ft or 2.26 extra. The product is Luxury Vinyl Plank Glue down Lyndon NLP205 and is 2.0 mm

Tim

Good afternoon, I posted this in the construction section and I thought I would post here for additional insight! I am currently in the final part of a "new" building duplex in Houston. The first new build I have been involved with. With other SFH rehabs in other parts of the country I have had vinyl planking installed in the bedrooms whenever possible. I would like to do the same with this duplex and have no carpet. This will come at additional cost from what I was originally quoted. Builder states that the normal vinyl planking is throughout living areas except bedrooms and stairs for a cost of $5,884.19 for each side or $11,768.38 total. If I want vinyl planking throughout the entire house except for stairs it is $8,592.89 or $17,185.78 total, for the entire house each side is $9,519.51 or $19,039.02 total.

Good Morning! I am currently in the final part of a "new" building duplex in Houston. The first new build I have been involved with. With other SFH rehabs in other parts of the country I have had vinyl planking installed in the bedrooms whenever possible. I would like to do the same with this duplex and have no carpet. This will come at additional cost from what I was originally quoted. Builder states that the normal vinyl planking is throughout living areas except bedrooms and stairs for a cost of $5,884.19 for each side or $11,768.38 total. If I want vinyl planking throughout the entire house except for stairs it is $8,592.89 or $17,185.78 total, for the entire house each side is $9,519.51 or $19,039.02 total.

Total cost for entire duplex (both sides):

Normal regular install with carpet in the Bedroom: $11,768.38

Everything with Planking except stairs: $17,185.78 or $5,417.40 extra

Everything including stairs: $19,039.02 or $7,270.64 extra

The carpet installation for both sides is $2,632.48 for the Normal install.

For a long term buy and hold I am still leaning towards the planking of everything. Or do I consider this after several years of renting and then change out later once I build up CAPEX. I do not know the normal wear and tear time frame for carpeting in the bedrooms and stairs? 5 years or 10 years. Not sure but I a thinking that it may be cheaper to do it now than later.

But as this is my first new build, I would like to hear from some of you with more experience in this area and your thoughts.

I appreciate the feedback and have a great day!

V/r

Tim