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27 April 2022 | 33 replies
Also keep in mind that with insurance issues in Florida right now, if the property has an asphalt shingle roof, lifespan is only being allowed to reach 15 years and you will be required in most cases to replace after thatOtherwise, your tax debt is low, this should be estimated at about $5,000 annually based on a sale price of $400,000.
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19 April 2011 | 8 replies
I refer to rotten floor joices, underlays, previously installed new shingles over rotten decking, ETC is all ugly stuff to me.
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17 September 2020 | 60 replies
@Jennifer DarbyThey should be able to use some shingles and tar paper to flatten it out.
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17 February 2017 | 17 replies
My ARV estimate is $250,000, Geico estimated ARV at $286,500$145,000 - Purchase price $10,000 - Wholesale fee AKA (my profit)$155,000 - Sale Price to a buy and hold Investor$250,000 - Comparables$2,000/mo - Estimated Rent (avg rent for 4 bed 2.5 bath homes are $1800 -$1900 unrenovated)$352.23/mo - Property Taxes$83.56/mo - Homeowners Insurance Quote Values house at $286500 ARV - Geico quoted me a price of $2929/yr - I thought that was excessively HIGH so I used a calculation I found to estimate home owners insurance ($286,500 (Geico estimated ARV) divided by 1000 times $3.50)$ 0.00 - All Utilities paid by Renter and responsible for cutting grass & snow removal, No HOA$100/mo - Vacancy$100/mo - CapEx$755.27/mo - Mortgage Payment 30yr fixed @ 4.17%$1491.06 - Total Monthly expenses$6107.28 - Total Annual Cash Flow$31,000 - 20% down payment$5,500 - Estimated Closing costs$45,000 - Repair Costs (Kitchen including new stainless appliances and granite counter tops cabinets and floor, 2.5 bathrooms full remodel, refinish hardwood floors, roof (30yr asphalt dimensional shingles , new windows, Paint inside and out, new Electrical Service Box, Flooring in kitchen, bathrooms, family room in basement. new High Efficiency HVAC, Light Landscaping.Cash on Cash Return 7.49%So what do you think?
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15 April 2019 | 37 replies
My concern is what kind of damage the solar panels will do to the composition shingle roof, are you familar with this Eli?
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27 January 2017 | 13 replies
For example for new roof, are you putting another layer of shingles on the existing layer, or are you tearing it off down to the plywood or are you tearing off the plywood too?
13 March 2019 | 51 replies
For B class property I gauge it by shingle curl and amount of particles remaining on shingles.
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9 June 2021 | 154 replies
.#3 Contact Local Contractors for PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.
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13 April 2014 | 11 replies
@Naguib K. nearly every county in the country is on a computerized system on property ownership.
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13 June 2019 | 58 replies
Shingles seem heavier carrying them up the ladder to the roof.