Paul Ross
First Flip, how do you avoid scope creep and diminishing returns?
19 October 2024 | 2 replies
For example my simple spruce up would be, renno bathroom, and kitchen, paint, and redo carpet upstairs.But if i think real deep into what I could do to make it a STUNNER then I think, knock down walls, create more open/broken floor plan, add central air, possibly do an addition to add a 3rd bedroom and second bath.So when you could do ANYTHING .. how do you draw the line of what you should do?
Carlos Lez
Tenant keeps harping about mold
23 October 2024 | 11 replies
I did a take home mold test and found more mold in the kitchen and the vent in the foyer.
Jasmine Wilkes
Cash out refi no mortgage on home
20 October 2024 | 13 replies
I have owned this property for almost 10 years and originally purchased with cash and of course work has been done over the years. ceramic tile in bath and kitchen, laminate wood in the rest of the rooms, cabinets and countertops, sinks in bath and kitchen, new tubs and toilet etc.. located in st louis its a 2/1 but will rehab to make 3/2 so we will be adding value to the property and will be using the rest for capital for the company as i have other deals I am looking at...
Bill Alpert
I'm Vacant! Current Phoenix Rental Market Slow or Go?
21 October 2024 | 17 replies
-- We typically start with an exterior front, then go to kitchen and nicest bathroom.
Carter Mayberry
How to refinance an FHA BRRR
20 October 2024 | 3 replies
. $230k - I believe $5000 out of pocket, seller paid closing costs etc.January - Today > Remodeled Unit 2, 3 & 4 New Flooring, Kitchen, Bathroom, Tiled Showers, ETC.Today > Resigned Unit 1.
Alan Asriants
Strategies for new investors/Househackers
18 October 2024 | 1 reply
Your mechanicals and capital expenditures are a lot more important and more expensive to fix than a pretty kitchen. its better to live in outdated kitchen and have a well kept home with updated mechanicals/roof/hvac than one that looks pretty but will start to crumble5.
Eric McCoy
Need Investor-friendly general contractor this week (Atlanta)
20 October 2024 | 9 replies
$100k would be tight.A 3/2 -- 3/2 no walls moved; $90k is possibleA rental rehab; lipstick, no HVAC or roof, keep everything, paint kitchen cabs and scrub up bathrooms.
Michael Kazalas
Fractional Real Estate Investing -- What say you?
23 October 2024 | 13 replies
@Michael Kazalas, personally this sounds like too many cooks in the kitchen, but also a very clear violation of SEC rules around material involvement.Granted, I don't know much about fractional ownership other than vacation rentals, which are limited to 8 owners, typically.
Marie Thomas
Mystic Multifamily Unicorn
19 October 2024 | 1 reply
I watched my parents flip houses since I was little and have always been on job sites or made "pocket money" by doing chores like painting fences or washing kitchen cabinets, which I realize now my parents were putting us to work to build that sweat equity.
Bryn Chatterton
Preparing Property for Rental
22 October 2024 | 20 replies
I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.