When she started to remodel, she realized the electricity needed to be updated and the current landlord didn't have the funds to cover.

Purchase price: $150,000 Cash invested: $90,000 Full remodeled What made you interested in investing in this type of deal?

Remodeling real estate is just as much art than science.

:)  Happy to talk 1-1 about ideas as we're finishing up our current remodel project on a duplex in Beaverton.And good luck with the search, hoping to hear great news so I can draft off your learnings when ready for my next one!

@Sean Conroy, this really depends on two things: first, the land zoned in a way that you can subdivide and build more units (question for building/zoning department) and second, financial returns on doing this versus using the capital to buy.New construction certainly has its advantages on the operating side, and can often get a premium to remodeled, older units.  

Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work.

Hello everyone, I am doing some tenant turn over remodeling on a rental property.

Before I rent a place it functions perfectly and they are remodeled with the idea that I'm renting to knuckleheads, so all things are accessible, repairable, common, and not high value.

That's how I bought my first house and completed a remodel.

If you buy an outdated smaller 2bd/1ba home for $150,000 in an area where remodeled 3bd/2ba homes are selling for $300,000, and you know it will cost $50,000 to update the home and add an extra bedroom and bathroom, you can be relatively sure you will be able to recoup your investment.