So, I need some advice on how to cut some on this project; here is the budget...............Demo- $2800Roof- $4800 (fix roof on addition and raise roof in kitchen)Gutters- $1200 (replace gutters)Siding- $3500 (replace with new siding)Exterior Doors- $1800 (replace 3 doors)Shutters- $600 (add to front windows)Exterior paint- $1500 (paint cinder block, trim, porch, columns, shed, etc)Landscaping- $700Windows- $3000 (replace all windows{14} except 3)Walls- $2500 (open up 2 walls from living room, dining room and kitchen)Drywall- $4500 (replace all ceilings, repair and patch as needed)Rough Electrical- $4800 (bring up to code, install new outlets, GFCI and ARC fault breakers, move electrical in basement to free up ceiling space)Finish Electrical- $1600 (replace all receptables, outlet covers, switches, switch covers, light fixtures, and ceiling fans)Rough Plumbing- $3500 (replace water heater, relocate/replace plumbing to free up basement ceiling space)Finish Plumbing- $700HVAC Rough- $4500 (Replace oil heating furnace and add AC unit)HVAC Finish- $400 (replace covers)Ductwork- $2500 (add new ductwork, registers, and grills)Kitchen- $10,000 (add bar style pennisula with cabinets, replace all cabinets, add grade A granite, create pantry, replace flooring, glass backsplash, new appliances)Bathroom #1- $3500 (bathroom #1 remodel)Bathroom #2- $4500 (basement bathroom creation with injector pump)Interior Paint- $2200Interior Doors- $600 (replace all with 6 panel)Baseboards- $3500 (replace all baseboards)Flooring- $4500 (replace with new hardwood)Carpet- $600 (in basement family room and bedroom)Finish Basement- $7500 (framing, insulation, drywall, trim, etc.)Leveling Basement Flooring- $5300 (tear up concrete and relevel)This is an older house with older doors, molding, finishes, etc.; nothing really has been updated.

We do commercial buildings and let me tell you we have installed many different types of carpet, and different grades of it.

It's comparable to the low to mid-grade Armstrong vinyl, depending on which specific product your buy.The big thing to consider when putting down vinyl plank flooring is whether you want a floating install or a direct glue install.

If you don't have capital (IE you are trying to wholesale, wrap, subject-to, or seller-carry creative financing), you might be better off moving to the area where you want to invest, it would be extremely difficult to do that from overseas profitably.In my experience, I'd stay away from the low grade houses and focus more closely on Multifamily, particularly larger properties as the price per unit and price to rent ratios are closer to what excites you about the low end homes, but with less risk and greater economy of scale.

He quizzed and grilled me and I came out with passing grades. ha ha ha My next task is putting together a comprehensive business plan.

Grading and excavating will be big $$ cost.Don't go into anything too lightly and yes it takes a LONG time and LOTS of research to properly develop a property.If you were building a new house (where utilities are already ran) you will be getting 120-140 sf cost from general contractor.

Plaster and lath inside the cavity with jagged rock and mortar.Last electrical up grade 100 to 200, cost about $200 for the box and breakers.Well worth the change and it shows up in inspections and the appraisal.

You need to decide what niche of real estate investing appeals to you or multiple ones and then find highly successful people in that field.Some have written books and others have not and have it all in their head and you have to hang around them locally to get access.I typically never find any books at a book store with real estate as they are new to middle grade material and I know all of that info.

In the first two houses I did, I followed the advice of a contractor and put in the cheap contractor grade carpet.

What is that...first or second grade?