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8 June 2020 | 6 replies
The basement has poured cement foundation.
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18 April 2020 | 2 replies
Added a doorway at the base of the stairs to divide the home to allow STR in the basement.
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1 March 2020 | 26 replies
It could literally be a matter of inches of your driveway on their property (if at all) and a $200 rental of a cement saw and a few hours will solve your problem.
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2 March 2020 | 3 replies
So from the front of a tenants car to the stairs would be a distance of roughly 8'.
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4 March 2020 | 9 replies
There are no fire violations there, we are sure.Do you think that the judge would agree with me that Grandma would be safer in a modern nursing home, than on a second floor (alone - the rest of the family sleeps on the third floor) of a multifamily unit, unable to get down the stairs on her own?
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6 March 2020 | 0 replies
Complete remodel, added hardwood through out the main floor, fancied the stairs up a lot and made the master bath feel like a spa What was the outcome?
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9 May 2020 | 8 replies
We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.
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7 March 2020 | 2 replies
Added new kitchen and bath, glass garage door to let light in, sealed cement floors, landscaping cleanup.
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11 March 2020 | 3 replies
Used HELOC for down payment remodeled the first floor right away and moved the tenants from upstairs to down stairs and raised there rent $100mo.
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10 March 2020 | 1 reply
Plumbed with macerator to connect to main-house plumbing.Kitchen- framing to finished again plumbed to the macerator.Large master bedroom with walk-in closet- framing to finishAll electricalIn-wall heaters in both bedroom and bathroom (The only source of heat was the existing pellet stove down-stairs in living-room) Upgraded heating to MiniSplit system upper and lower level NOV 2019 What was the outcome?