Ownership in places like that is more of a luxury (you can do all the interior decorating you wish) and less of a good financial decision.  

We cosmetically gutted the interior of our house for 12k including installing a new garage door, etc.

Unit 1474 sq. ft.7,405 lot sq. ft.built in 1950Renovations: new interior and exterior paintdual panned windows.hard wood floors“Well maintained” (haven’t viewed property yet)I will be using an FHA loan from a private lender to finance the property and would like to get a personal loan from the bank to finance the money down.

In your script, you ask them how much they think it would cost to get their interior and exterior up to a 10.

My history is as an Interior Designer and Project Coordinator in the construction industry for the past 10 years. 

Be aware that sometimes when they fix the foundation it will cause more cracks in the brick as well as interior walls. 

If more info is needed just let me know.ThanksInsulation: $7,000.00 Remove, replace insulation & Ventilation in Attic and Crawl space Converting attic into bedroom, with new insulation Windows & Doors $2,000.00 Add new Sliding door in kitchen replace existing interior and exterior doors $1,800.00 replace garage door $2,500.00 Kitchen $9,000.00 Floors Cabinets Cabinet pulls/knobs Countertops Sink Facet Back splash/tile Electrical outlets Plumbing appliances Bathroom in Bedroom $6,500.00 a.

The Quartz counters in the bathroom and kitchen got installed today.Major Structural: -100% New Electrical (Wiring, Faceplates, Switches, Fans, Exterior Panel, LADWP feeds, etc) -100% New Copper Plumbing -New Sewer Drainage pipe to LADWP -Brand New Roof (1st layer, House&Garage) -Brand New Gas Water Heater (and moved from kitchen to outside of house) -All brand new windows -Brand New Doors -New Wood laminate floors throughout entire home -New lawn sprinkler system -Custom landscaping with new sod, colored stone, colored mulch, & plants/trees -New wood fence-Crown Moulding Install-All new baseboard installedEntertainment/Convenience Features: -New pantry -Laundry hookups in garage-LED Lighting & Bulbs Throughout -Whole Home Ethernet (Network) Pre-Wired -Living Room Sound System Pre-Installed (4x 6” Spkrs, 1x 8” Center Spkr, Subwoofer Hookup) -Living room HDMI pre-wired for wall-mount TV -6x Recessed Lights in Living Room -Each bedroom has 4x power outlets minimum -Firepit in backyard -Elevated concrete slab section for BBQKitchen: -Custom tile floor w/ pattern -Cappuccino Wood cabinets -Quartz Stone Slab Counters -Spice Racks -Trash storage drawer -Enclosed Surround for up to 36” Fridge -Recessed light over sink -Dishwasher hookupBathroom: -6ft DUAL Master Vanity -Cappuccino Wood cabinets (matching kitchen) -Quartz Stone Slab Counters (matching kitchen) -6 Storage Drawers plus 2 main under sink storages -4.5ft mirror -Custom tile floor -Custom shower/bathtub tile surround -2 Recessed Nooks w/ Interior Colored Glass

, take out tile/replace with hardwood, countertop, open wall to living room (Just a window, not a wall demo as its load bearing), and new (or used) oven New interior doors Bath: Tile, vanity, countertop, toilet, reglaze tub Light fixtures, vents, plugs, switches Staging Potential updated electrical box (currently in good working condition) NEW LARGE window in living roomInvestment180K current20K rehab20K & closing costs realtor fees220K CostThere appears to be a possible 20K gain on my primary residence, this would free up approx. 30 – 50K cash to be used to jumpstart my real estate investing career.I have not gotten quotes on the repairs yet, this is what scares me.If repairs end up costing 40K, it could eliminate the entire gain and I would be better selling now to pull the cash out.Please provide any and all thoughts/advice you may have regarding starting my real estate career.Thank you in advance for your response!

Assuming all is well on the interior, I may decide to make an offer.My motivations: I'd like to push for a lower down payment - as low as possible.