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3 February 2025 | 26 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.
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3 January 2025 | 6 replies
Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline.
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2 February 2025 | 2 replies
Or should I try to keep them completely separate to not dilute the brand of either?
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6 February 2025 | 30 replies
My remodel strategy is to use some of my own sweat equity and running subs to save enough money to upgrade the flooring, kitchen and baths slightly beyond the peers.
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4 February 2025 | 10 replies
Running the numbers it does seem like they'd pencil out but definitely completely new territory for us.
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3 February 2025 | 12 replies
So you're not completely anonymous.
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4 February 2025 | 18 replies
A turn key would be great, but I am open to doing repairs along the lines of walls and flooring updates.
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20 January 2025 | 32 replies
If you are worried about out of pocket costs, see if maybe a rehab loan is an option to get everything needed done now and refinance in 3 months when everything is complete.
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20 January 2025 | 0 replies
We also updated the entire flooring, renovated the kitchen with new appliances, overhauled both bathrooms, and added new washer and dryer units.
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5 January 2025 | 17 replies
Expect to remodel kitchen and baths and put new floors down, paint, knock down a wall to open the floor plan.