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20 May 2024 | 3 replies
Looking at this kitchen (Rehab/Flip deal), I know how to price out work and deal with subs but how are people coming up with how to redesign the layout?
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21 May 2024 | 8 replies
(Keep in mind that duplexes have 2 kitchens, 2 HVAC systems, a garage on each side, etc.)
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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20 May 2024 | 7 replies
Hi SeanI am in Kitchener and own properties in Kitchener, Barrie, and Ingersoll in Ontario.I also have property in Halifax area.
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20 May 2024 | 4 replies
Building a restaurant is shockingly expensive, especially the kitchen, ventilation and fire suppression.
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20 May 2024 | 0 replies
where do I start.... new paint, multiple fixes throughout the house, updating kitchen/bathroom, landscaping landscaping landscaping.
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20 May 2024 | 17 replies
But it's tougher for STRs now, so anyone wanting their piece of the pie needs to bring their A game. so a few things. 4 of your 5 hero pictures are of your kitchen, you might want to mix it up there. you have some patio furniture, but that's it for your backyard. put in something for people to envision with that backyard?
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19 May 2024 | 1 reply
Trying to avoid spending 2K on a brand new one as we may rehab the kitchen and replace all the appliances in a few years.This is the exact model looking to replace. https://www.geappliances.com/appliance/GE-24-Built-In-Gas-Ov...It was on sale but have not been able to find anywhere that has in stock.
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19 May 2024 | 15 replies
Otherwise you are DIY running a rooming house and its alot of work screening and managing the 2am fights, tenants leaving their trash in the kitchen iratating the other tenants.Its all doable, just the actual amount of hands on is more then you might think, even if padsplit is in your area and is willing to take your house into their system.
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21 May 2024 | 41 replies
This last time they told me to go with Antique Brass or Brushed gold faucets and hardware in the kitchen.