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23 November 2024 | 1 reply
Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?
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5 December 2024 | 31 replies
You should either buy with a DSCR up front if the property is eligible and self fund your rehab or hard money for acquisition, do most rehab to common areas with the exception of additional walls prior to refinancing into a long term DSCR loan.
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26 November 2024 | 16 replies
Just know what you're buying as there's still a lot of FP panels, 60 amp service, aluminum wiring, asbestos tiles/tape, and plaster & lathe walls.
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22 November 2024 | 10 replies
I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.
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23 November 2024 | 2 replies
You might have a home that literally takes one dividing wall of 2x4s and a kitchenette, or you might have a home that you need to add exterior doors, breaker panels, relocating utilities, etc.
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26 November 2024 | 18 replies
Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.
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20 November 2024 | 4 replies
I find this to look spammy and over-promotional.Use a lot of blue and green, as those colors signal trust and comfort.
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25 November 2024 | 23 replies
The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.
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22 November 2024 | 4 replies
And the wall is built on top of that wood.
18 November 2024 | 1 reply
You're gonna need to provide more color here.