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9 July 2024 | 17 replies
For a floor or roof beam a good rule of thumb is an inch of beam depth per foot of beam span. 2.
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8 July 2024 | 7 replies
I will be doing some renovations in order for this property to be move in ready (repainting and replacing all flooring).
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10 July 2024 | 35 replies
With the delayed settlement agreement, would give you time to clean the house up a little and market the house using the short date sale method.
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8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
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8 July 2024 | 3 replies
During this heat wave the temperature on 2nd floor has been in the upper 70s and even hit 80.
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9 July 2024 | 8 replies
I would purchase something that needs some light renovation, like paint and flooring, so you can experience some renovation. 3.
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8 July 2024 | 5 replies
Who does he have to do framing, electrical, plumbing, HVAC, drywall, paint, tile, cabinets and counters, flooring, roof?
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7 July 2024 | 0 replies
Rehab bathrooms, floor, paint, kitchen, new appliances, split the property.
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8 July 2024 | 11 replies
. - Purchase Price $38,450-Full Rehab $75k (roof, interior/exterior paint, new kitchen, new bath, new floor, new appliance)- Add full bath $25k (88 sq ft) is the option/decisionAs far as cash flow, here is are the two options....- 3/1 would be...
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5 July 2024 | 0 replies
we cleaned up the exterior, painted interiors, added LVP flooring, bbq pits and picnic benches What was the outcome?