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All Forum Posts by: Tyler Boykin

Tyler Boykin has started 5 posts and replied 13 times.

Post: First flip am i over investing?

Tyler BoykinPosted
  • Posts 13
  • Votes 1
We bought it for 173. The average sell for 250k and the nicest sold for 330k and its 150 less sqft ours is 1900. 
Originally posted by @Michael Plante:

ONE of the Most important things

what do similar houses sell for in the neighborhood?

If we are taking 600k the answer is much different VS $250,000

Post: First flip am i over investing?

Tyler BoykinPosted
  • Posts 13
  • Votes 1

It is on a slab but it had an addition where they used one of the 3 carport spots to make a dining room and did everything well side from lifting it to the house level. We had a plan for it, but some of the contractors that came in asked if we were going to do certain things and stuff just kept being added. The only thing we have done is take tile out of the kitchen and raised foundation to match. We got it in a good neighorhood where the soso houses sell for 75k more than we paid and the nicer 150k more. So its a do we put 25k in to do the soso level or 60-70 to hace everything the higher end ones have. I could tile the kitchen 2

Post: First flip am i over investing?

Tyler BoykinPosted
  • Posts 13
  • Votes 1

This is my forst flip i went in half with a partner. I was trying to do the minimum to clean it up and sell it. My partner on the other hand would like to do a lot. 

The house had tile in the kitchen, but there was a 4 inch drop down in the dining room. We poured concrete to level it off. I agreed this would be a good idea but then we needed to change the tile in the kitchen since we couldnt match it. Coming from the kitchen is a hall that has nice wood, but each room has different cheaper wood. Is it worth ripping out all of the floors to make them match.

When we poured the concrete in the dining room we also made a huge patio in the back that cost us 5 thousand which i didnt really want to do, but it is nice. Was that wasted money or is a nice back porch a good investment?

Its a five bedroom house but one bedroom is small wand its connected to a really small bathroom and on the other side a decent kid size room. Is it worth changing the 2 rooms and small bathroom into a master bedroom and bathroom with a walk in closet? Or is that just over spending? 

The house has a two car, car port with 2 small tool rooms in the back. It has a nice roof just like the rest of the house. Should we leave it be, or is it worth investing in closing it off with a nice garage door? 

The house has some current wiring and some knob and tube. Is it worth updating all the wires?

The house has ducts for a heater but does not have a condenser and coil. Is it worth taking out window units and installing central air? If so do i go with a cheap seer just to have one or is it worth getting a better effeciancy? 

Yes i have a lot of questions, also if there is good reading material on this type of things id love some good links. 

Thank you for your help and time.