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19 November 2024 | 26 replies
Our remodeled home has received multiple offers at or near the asking price.Unfortunately, we've hit an issue with the appraisal.
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19 November 2024 | 24 replies
For example - you're starting a $100,000 remodel on a propoerty that you have acquired, the Scope Of Work includes basic lipstick stuff like a kitchen remodel, a bath remodel, and new flooring and paint.I would start with a draw of no more than $10k, that is more than enough to get anyone going and it shows your good faith.
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20 November 2024 | 1 reply
Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants.
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21 November 2024 | 20 replies
It was a small two bedroom house that I completely remodeled myself and it has done well.
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17 November 2024 | 8 replies
I run a remodeling-make ready-flip house business here in NWA.
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14 November 2024 | 3 replies
Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.
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15 November 2024 | 3 replies
As you do more remodels, you'll learn more and more of these things.
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14 November 2024 | 0 replies
I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.
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18 November 2024 | 16 replies
If you are looking to hold the property in a long term loan after the remodel, DSCR loans can be a good option.