Hello everyone,I’m the owner of a seasoned general contracting company with extensive experience in residential remodeling and assisting other investors with property flips.

My worry is the old house might be too much of a hassle to fix latter down the road and increase rent.my thought are that buying a newer one would save me remodeling hassels.

One had been rented by the same couple for 7 years, one needed to be cleaned and some repairs, and the other had been in the middle of a remodel when the original owner died and his 4 daughters who couldn't agree on what day of the week it was decided to sell.Based on the square footage (2024) alone, I got a great deal. 85,500 with 10% down and 10% interest.

We had the same idea in 2019 while remodeling our first SFH.

1. use the 1031 money to buy 2 investment properties with a combined values >= the sales price2. use the 1031 money to improve one of my existing investment properties (e.g. building an ADU / remodeling)Thanks

Hello All,I am a remodel contractor and have moved into flipping homes especially in the higher end nieghborhoods like N.

But a couple of years ago (2020) we refi'd the houses we've had a long time, bought another and remodeled it with the intention of making it an airbnb ----and the time and effort put into that remodel made me question what I was doing with these houses. 

Roughly a 1300 profit after taxes etc etc. last year was a down year due to evictions and remodeling. this home is on a conventional loan.

I would be leery of going this route unless you are very confident of your numbers.good luck  Also just adding to the last post, I did some compare on the quality of the other closed units, might was much better since it is just remodeled, but still they do get more tractions than I do, SO I was thinking it is marketing issue.

@Luke Bricca  I am or was a GC and can see about 20k coming into a simple remodeling project.