We added a mini split system, new floors throughout, rebuilt the deck, added windows, repaired waste lines, roof, siding, stucco, cleaned up the basement and remodeled the kitchen and bathrooms.

How did the properties you purchased turn out, and were there any unexpected issues like liens or repairs?

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition.

Hire a contractor to repair.

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

I have someone who wants only 41k for this property with about 21k worth of repairs. 

After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.

Looking to have some repairs done and need to find local contractors that I could hopefully build long term relationship with.

Hey everyone,I recently closed on a 6 unit, and have gone about updating 1 of the units with some repairs and will need new flooring.

@Alyssa LakeIt depends upon many variables, such as age, condition, location, the amount of capital you need for repairs and unit turns.