Even with a solid biz plan showing we can 3X their revenue just by switching to full-time operation and using modern rev management. 

We also discussed the Modern agent.. who never ever picks up the and says text me and then never calls anyone back ESPECIALLY listing agents  Listing agents dont want buyers they want listings.In addition many brokerages in our market do NOT allow dual representation..

When institutions estimate operating expenses for calculating the NOI and subsequently the DSCR, they typically use industry benchmarks and historical data.

We invested $20,350 in renovations to modernize and enhance the property's appeal.

We invested $27,200 in renovations, modernizing the home and enhancing its appeal.

Make sure the furnishings are modern and functional.

The main house is completed and as far as labor, I spent $40,000 on just labor and that includes everything from full gut demo to finishes.We are talking about a 4BD, 3BTH two story 2400 ft.² home with a bonus room.This was a full gut job, replaced…12 Windows (new construction)2 sliding doorsTook out all carpet throughout.Took out this ugly 2” thick tile from half of the downstairs portion.Removed popcorn throughout the entire houseTook one wall downA little framing workReplaced entry door 80” x 92”Drywall patchingSmooth drywall work50 recessed lightingAll electrical neededAll plumbing neededNew cement walkway instead of one walk to the front door I created two steps with two lights in each step.Install kitchen cabinets, excluding countertopInstall all three vanities3 bathtubs with one being a modern standalone tub in the masterAll tile work (bathroom wall & floor, kitchen backsplash)Installing of all hardware, faucets, showerheads, etcInstalled 8 single panel doors with hardwareAdding self-leveler after tearing out that thick tileNew LVP flooring throughout the entire house except bathrooms,all baseboards, trimsPainting the entire house, painting all the doors, painting the outside trim.Reframing the outside balconyReframing the fireplace to install new linear modern electrical fireplaceand they took care of the two trash bins.I mean, completely redone.The only thing that was not included in the $40,000 is landscaping, counter top cut and install and of course the ADU which I’m currently working on now.So my question for my fellow investors and contractors did I pay too much?

However, a commonly used benchmark is the 70% rule.The 70% rule suggests that to make a flip worth it, you should aim to purchase a property for no more than 70% of the after-repair value (ARV) minus the estimated renovation costs.

Neighborhoods like Lawrenceville, East Liberty, and Squirrel Hill offer a mix of historical charm and modern growth.

As a new property manager I’d like to be on top of that if someone asks me, what I suggest would look the best and be the best in their rental units.I had an awesome property manager who would buy the modern nice looking flooring in bulk so when his owners needed to rehab a unit he sold them the modern vinyl plank flooring for cheap.