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8 May 2020 | 1 reply
If there are any investors on this board that were actively investing during the financial crisis/great recession I would appreciate your advice.
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16 May 2020 | 13 replies
Here’s a breakdown of what I did and the costs: Labor. 29,176.53 - New Railing and Spindles– Exterior of House- Remove damaged flooring- Refinish and Stain Hardwood Flooring- Install Vinyl Plank Flooring on Floor 2- Install ceramic tile flooring in baths and Unit #1 kitchen- Paint Interior (Walls / Ceiling / Trim)- Install New Kitchen Cabinets Unit #1- Paint Kitchen Cabinets Unit #2- Subway tile kitchen backsplash and Unit #1 shower- New Plumbing throughout house toilets / sinks / garbage disposals / tubs / faucets- Install new light fixtures and recess lighting in kitchens- New doorknobs and hinges throughout- Replace electrical outlets and switches Materials - 2 Apts (Home Depot)...............$8,201.93Stainless Steel Appliances – 2 Apts (Lowes)....$3,300.00Quartz Counters – 2 Apts ............. $1,800.00Electrical repair / rewiring ............ $2,696.20Replace hot water heater................ $1,025.00Install Central Air Conditioning and upgrade heat........ $9,000.00TOTAL............... $55,199.69Gross Rents: $2,125.
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20 January 2020 | 23 replies
Save until the recession hits later this year and then buy something cheap in 2021. :)
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6 January 2020 | 6 replies
We are in a seller's market, and it's not an easy time to buy, but the economy is strong, rates are low, and people will always need a place to live.Something people might not factor in is that market rents can fall in a recession, even in mid-market affordable properties.
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7 January 2020 | 6 replies
I am getting skeptical I am not doing the right thing due to timing with a looming recession.
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9 January 2020 | 1 reply
Typically from what I have seen in the past, with the last recession, it hit the Coasts first and then moved inland.
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10 January 2020 | 2 replies
I covered the old ceiling with new shiplap and gave it a gloss finish, and installed new recessed lights (electrician wired them for me).
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19 September 2015 | 11 replies
I was in NC, when the Great Recession hit and the mortgage crisis bit everyone in the butt.
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23 August 2014 | 7 replies
The reason was the last recession.
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30 August 2014 | 19 replies
But I do know he spent a lot on attorney fees and paid a fairly stiff fine.Oregon is small enough that if your turned in your going to get investigatged I know contractors that screwed up in the deep recession and got banned for life in Oregon.