Joseph Abbott
Starting from the ground floor
31 May 2018 | 2 replies
We need windows, kitchen, bathroom remodel, redo hardwood floors, etc.
Brent M.
New Investor - Medford, Oregon Area
14 May 2019 | 23 replies
My initial rehab process was I did a number of repairs myself, and then sought out a contractor for the specific task I wanted to hire out (ie Robert @ Southern OR Wood Floors does fantastic hardwood refinishing).
Beth Teutschmann
Foreclosure and a Triplex - good deals or no? (with pictures)
7 March 2018 | 10 replies
East Hill home (which is a good neighborhood here, though this is the less-nice part of that neighborhood in terms of home quality) with hardwood floors, partially finished walkout basement and located within blocks of downtown Eau Claire and Parks.
Joanna Golden
multi- family units not on the MLS
21 May 2018 | 8 replies
The link describes how a good brick and hardwood quad went for 26k on a beautiful C street in Dayton, OH.
Tanya F.
Denailing Reclaimed Hardwood Flooring
6 October 2018 | 4 replies
We got some reclaimed maple flooring for our addition and made a YouTube video on how to denail it quickly and easily. Free flooring for our addition- see the story on our project diary page. In case anyone is intere...
Account Closed
First time REI in old manufacturing City
14 May 2018 | 0 replies
The house is definitely on the older side, built circa 1930, but walking through the property I saw a ton of potential (huge back porch, front porch, large semi-modern kitchens, beautiful hardwood floors trapped under dingy carpets, etc.).
William Sageser
Master Bedroom in finished basement?
26 June 2008 | 9 replies
Yeah this home has hardwoods so noise from above would get old.
Ash Seth
Having CO necessary?
29 April 2008 | 3 replies
House is in very good condition with only expenses are appliances, replacing the carpet in 2 bedrooms to hardwood floors and transfer taxes (no back taxes even)...As said, as a first time home buyer not sure this is the right approach (to buy without CO and related consequncies) and looking for advise here from the investor community.
Tom Tarrant
Scared Money Dont Make Money
8 December 2008 | 42 replies
If the property has landscaping in place make sure it is cleaned up then add fresh mulch and some potted plants in a complimentary color scheme to the house color scheme to the house.†Go for balance with some around a tree or spaced across the front of the house then some on either side of the front porch or door and one inside where you have people sign in.†You don't spend a lot of time, effort, or money but you get a very nice result.†Depending on the yard you might add some decorative wind chimes to the trees or bird houses or other cute extra to make people have a little "ah moment" that makes your property stick in their mind.The next area you want to address is creative marketing.†Invite all the neighborhood residents to an invitation only presale open house party.Have simple finger foods and if it is a neighborhood with many young children you might put a toy box with little gift bags for the children in the room most likely to be for a young child.†If the neighborhood has more tweens and teens you might set up a game system in one room that will stay with the house.†Many times a neighbor will know someone who would like to live in their neighborhood.When you do hold an open house go the extra mile to make it stand out.†Make your sign post at least 36†high so it stands above the rest.†You might also go to a party store and get a cardboard figure and put it behind the sign so it looks like it is holding it.†You could put individually†wrapped soaps in a pretty dish in the bathroom with a little complimentary sign.†Have snacks available, have a drawing for a prize, just use your imagination and have fun with it.†The goal is that people feel comfortable and want to live in this house.If you are a wholesaler the banks are one of your biggest competitors right now.You normally buy extremely low and sell low without doing a thing to the property.†In order to maximize your profits and keep a quick turn around right now you need to stand out from all the other distressed properties flooding the market.†Now is the time for the two hour rule.†As soon as you get the property clear as much junk out of the yard and clean as much of the interior as you can in two hours.†If you pay four people $50 each for two hours your property will be that much ahead of the other wholesale properties and that $200 you spent can make you a few extra thousand on the deal.†Perhaps you even throw in a $50 gas card for the buyer or a Home Depot gift card.†Small gestures can make a big difference during a soft market.Another strategy is to target a group with specific needs and create a plan for them.†One example is student housing.†In Atlanta, Home Park was for a long time a place where Georgia Tech students could rent cheap houses near the university.†When Atlantic Station was built it changed the area to a much more expensive and more owner occupied area.†There is still a need for reasonably priced student housing but the closest area to campus where that is available is not exactly where a mother would feel good about dropping their freshman student off.†In this case, the city wants to renew the area and developer incentives are available but you see brand new homes standing vacant and vandalized next to not so new homes boarded up.†You have multiple needs here, available properties but fear of trail blazing in a marginal neighborhood.†In this case, you could identify available properties and incentives then go to your local investment group or online investment group and do simultaneous investing.†If you were to get fifty investors to buy and rehab at least two homes each and you all do it at the same time you can turn a neighborhood around in a very short period of time.†If you could rehab one hundred homes in a ten block area all at the same time you will have made money, provided a needed commodity and helped the neighborhood residents all at once.†It is a win-win-win situation.Of course there are other groups such as artists that need low overhead and space to live and work.†They might not need hardwood floors throughout; they might be more interested in a large room with a utility sink, or a photo studio in a converted garage that you could do advertising photos of large objects in.Find out who needs what in your market area and find a way to provide it.†If you address needs while solving problems you can get ahead even in a soft market.
Brandon Schlichter
What would you put in a rental?
5 August 2008 | 15 replies
I've got access to hardwood floors quite cheap, and I figured that would be one thing (much cheaper than carpet).Would you go electric or gas for heat?