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22 July 2016 | 12 replies
My uncle hasn't had much trouble finding renters in the past.The property has had a ton of rehab over the last year: new double paned windows, new exterior doors, new A/C and heaters, new plumbing (pex) throughout, new tile flooring throughout, some new electrical (all professionally done and inspected), new bathrooms, new fixtures, 4 of the 6 units have new cabinets, new appliances (stove, refrigerator, no dishwasher), shingled roof (less than 5 years old), new trim added to all the units, new paint both inside and out, had foam insulation added to the attic to help with the heating/cooling as well as protect the new plumbing that they decided to run through the attic, 2 new hot water heaters (each service 3 units), No structural or foundation issues, new water line from meter to the building, and not in a floodplainThe lot is quite big (1 acre) and is zoned commercial.
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24 July 2016 | 5 replies
Louis, MO Purchase price: $50,000 (short sale) - aunt was agent, so fee was waived (she was helping us out) - borrowed money from grandma for the down payment: $13,000 Material costs: $8000I forgot to itemize everything over the course of the four years, but the improvements were: -blown in insulation-tile floor in kitchen-new bathroom flooring x2-new basement carpet-new basement flooring (previous was rotted through) -new carpet in bedroom x2-hard wood flooring refinished-new refrigerator-painted entire interior of the house-installed two custom closets in bedrooms-repaired and repainted the garage-tore out dinning room drop ceiling, installed drywall ceilingAll the work was done by us, save the hardwood floors.Sale Price: $108,000 less: -$6000 in fees (man I need to get a real estate license) -$5000 in concessions Net: $43,000 $108,000-$33,000 left on the note-$13,000 to grandma-$6000 fees-$5000 concessions-$8000 material costsThe problem that I have is how to value this in terms of holding costs.
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22 July 2016 | 12 replies
Hardwood flooring in common areas.Stove and refrigerator provided in unit.Requirements:Fully completed applicationNo FeloniesCredit and Background checkMonthly income to equal 3 times the rent.Satisfactory references from prior Landlord.1st months rent and Security Deposit equal to one months rent due at lease signing.Thanks for any advice!
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27 July 2016 | 3 replies
No refrigerator, washer, or dryer comes with the property (although there are fine hookups).
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14 August 2016 | 92 replies
Also in KC market, renters expect they have to provide their own refrigerator, and perhaps window AC.
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10 November 2016 | 1 reply
New paint and carpet, updated cabinets in one unit, large parking areaProperty Details Property Type: Multi-Family Home Seller Type: By Agent School District: Bedrooms: 3 Bathrooms: 1 Year Built: 1956 Square Feet: 1870 Acreage: 0.25 Acres Heating: Forced Air Cooling: Evaporative Cooler Garage/Parking: Driveway Yard: Landscape - Front Appliances Included: Refrigerator, Range Basement Type: Shelf/Crawl Space Floor Coverings: Linoleum, Laminate, Carpet Exterior Material: Other Special Features: None Specified
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12 November 2016 | 2 replies
Hi, I am buying a home, home appraisal is done, home appraisal report came $15k more than price I am paying.But today when I was reading home appraisal report, I found some wrong information like it says porch/deck, but home doesn't has any porch or deck, roof is almost done so need to replace asap, but appraisal say 20 years life remaining , it says two refrigerator but it has only one etc.In such case to who I (as a buyer) should contact to ask my questions like why it has wrong information.Thanks
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14 November 2016 | 5 replies
Ditto perishable items such as food - and go ahead a plan on that refrigerator being absolutely disgusting.
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15 November 2016 | 16 replies
Hi, I am buying a home, got appraisal, I was reading appraisal report, and found many wrong information.like1 it has one refrigerator, while in appraisal report say 2.2.
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17 November 2016 | 4 replies
I know a PM that rents washers, dryers and refrigerators to tenants.