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13 September 2024 | 2 replies
(Both that you know about now and that you are told about form your buyer’s inspections.)Most buyers are going to discount their offer by double what they think it will cost to repair what they can see plus the “mystery repairs” you’re hiding with your as-is sale so you will make much less on the sale.
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13 September 2024 | 1 reply
New kitchen, bathrooms, paint.
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14 September 2024 | 26 replies
Reasonable rates and options for a discount if rented more than (x) days.Make the home extra attractive buy some things that make the home stand out like games for both the parents and the kids.
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14 September 2024 | 9 replies
Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.
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13 September 2024 | 0 replies
Complete renovation- flooring, bathroom, kitchen, some windows, trim, paint, etc...
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13 September 2024 | 2 replies
Option 2: I found a house that the asking price is 930k , but I’m sure I can get a discount on it because it needs a lot of work , it doesn’t qualify for traditional financing , so I would need to take a hard money loan , it needs about 150k worth of work , the plan would be to offer the full 930k asking price but ask for a 6% seller concession , I calculated 20% down payment and 7% closing cost , so total after seller concessions comes out to 21% down payment which is $195,300 .
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13 September 2024 | 1 reply
The seller was motivated to close quickly, and we negotiated a favorable price of $80,000, allowing us to secure the property at a discount and capitalize on its renovation potential.
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13 September 2024 | 1 reply
This can reduce labor costs, but be mindful of the time commitment.Leverage Economies of Scale: If you're working on multiple flips or rehabs, bundling similar tasks or projects together can help reduce costs by hiring one contractor or vendor for multiple jobs.Prioritize High-Impact Repairs: Focus on renovations that add the most value, such as kitchen or bathroom upgrades, while avoiding over-improving areas that won't significantly increase the property's resale value.By combining these strategies, you can manage rising costs while maximizing your potential returns on fix-and-flip projects.Kind regards,
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12 September 2024 | 0 replies
The bathroom was pretty decent, so we were able to just get it professionally cleaned and the house was ready to rent.
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12 September 2024 | 6 replies
The 2 main issues are that there's a leak in one of the bathrooms that is causing water to flow under the sub-floor and into the crawlspace.