
3 May 2018 | 70 replies
Nearly the entire house is wallpapered so it will be nice to start everything fresh.2) Instead of just enlarging the 1/2 bath to make it into a full, we have enlarged both bathrooms in order to fit larger vanities in each.

18 September 2017 | 87 replies
Anyway, I’m planning on holding onto it, so let’s move along.General expenses: Property inspection: $425Flights/bags/ground transit for 2 people: $600Service main water valve: $389Service 2 furnaces: $200Paint materials both units: $370Cost of hiring friend who came along and worked 3.5 days: $500Total random home depot materials including light fixtures, electrical gear, primer, brushes, locks, light bulbs, tools, drywall, tape, etc: $1,820.Total: $4,304Unit 1 - Down Paint labor bedrooms, bath, and kitchen: $0 (friend from out of town did it for free)Installing fixtures, switches, outlets, cabinet knobs, doorstops, blinds, towel racks, bathroom mirror, caulking, etc: $0 - did it myself.Estimated cost if contracted: $1,500Unit 2 - Up Labor to strip wallpaper, repair drywall, sand, prime, and paint full unit (contracted out): $1200Installing electrical outlets/switches/fixtures: $125New electric stove: $200Refinish bathtub: $300Pull carpet: $250Total: $2,075Estimated short-term costs (<1 year) New roof Spring 2018: $8000Gutter cleaning and repair: $300New Floor in kitchen (estimate): $500Total estimated costs: $8,800Year 1 non-recurring costs to make it rent ready: $91,979Estimated mid-term costs (1-5 years) 2 new furnaces: $55002 new hot water tanks: $2000Misc: $1,000Total: $8,500*After the tanks/furnaces get replaced the building should be rock solid for 10-15 years at least, assuming no major disasters.Monthly expense breakdown: 5-year private money balloon loan on $87k over 20 years: $574Property tax: $215Insurance: ~$100Water bill: ~$60Sewer bill: ~$40Garbage: $16Rental registration: $6Lawncare: $40CapEx: $100Vacancy: $75@ 5%*I’m self-managing, therefore I’m not yet factoring in property management.Monthly Totals:Projected rent: $1,500 ($750/unit, but will shoot for $775 initially)Expenses: $1,226Cash Flow: $274/monthCash on cash return: infinite (more or less)ROI based on $18,000 yearly at $91,979 initial cost: 19.5%NOI: $3,288About the loan:I don’t qualify for bank financing since I’ve moved countries and jobs so much in the last couple years.

1 September 2017 | 4 replies
Later that evening, as we are getting new keys made to our new locks, we literally bump into an end cap displaying two deadbolts for $14.98.

13 September 2017 | 11 replies
I stopped by a manu housing dealer the other day because they had a GOOD looking modular home on display.

14 September 2017 | 5 replies
In the long run I figured it out, but until then it cost a lot of sweat equity (and all my free time) while I was scraping off wallpaper and replacing toilets.
18 September 2017 | 3 replies
Has anyone gone the route of trying to get all permit required before displaying bandit signs?

20 September 2017 | 9 replies
This was an over-under duplex in Munhall after I stripped the wallpaper and the green plastic film the former owners had superglued to the ceiling to try to keep the plaster together.

15 September 2017 | 2 replies
and the velvet wallpaper (that too!)

18 September 2017 | 2 replies
This is due to sites limiting the display of the listing data.

18 November 2018 | 7 replies
If examples are presented keep asking for explanations until you know exactly what was done and why.When my kids were in college and had no idea what they wanted to do after graduation, I suggested they look at the Sunday newspaper Employment Display ads section.