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18 May 2017 | 6 replies
Ballpark figure $4500limited asbestos/mold (bathroom only) $3000-$5000 (from environmental clean up company - would include bathroom demo)chimney work - $300-$1500 depending on state of liner (assuming $1500 for rehab purposes)pest control - $513 for year Oil tank removal - $600 fixedThe following are estimated costs based on research and not professional estimates kitchen flooring - $1000 - $1500Concrete outside - $1500replace carpeting/flooring: $1500additional masonry work - $2000Painting: $1500Misc - $1500New appliances: $1500Buffer: $5000 - $8000 for misc.I am assuming insurance costs of $1500 per yearMy plan:Offer $125-130KI believe I will be able to rent it for $1700 according to comparable rents in the areaI will be accepting a vacant property - current lease ends June 30I will be financing this deal through a line of credit at 3.5% - so a cash buy and money for renoI will then refinance my invested money - approx $165,000 assuming a rate of 4.25% freeing up my line of credit for the next cash purchase.ARV expected at $185000-$200000 I am reserving - 5% for vacancies, 5% cap ex, 5% repairs and 6% property management (which I am doing myself)Advice????
27 May 2017 | 5 replies
There is cracking in the stem-wall masonry in the rear of the house where the property slopes down hill.
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23 May 2017 | 2 replies
Initially, he indicated that the masonry around a bilco door needed to be repaired.
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27 July 2017 | 2 replies
In order to make it fully functional, it would cost me too much in masonry cost - so I have a few options.
9 May 2017 | 3 replies
I found masonry work tends to get expensive real quick.
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7 July 2017 | 10 replies
Kitchen $13,136 Half Bath $3,000 Bath $4,000 Open Floor $10,000 Floors $8,000 Garage $3,000 Backroom $4,000 Paint $5,000 HVAC $10,000 Roof $8,000 Railings $1,500 Point $1,000 Electric $3,000 Landscape $1,000 Masonry $2,000 Demo $2,000 Permits $500 Total $79,136 The GC that I am using has been in the business 15 years, is himself an investor with 20 properties.
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23 April 2017 | 8 replies
There was drywall, masonry work to fix the cracks and then painting.
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15 June 2017 | 3 replies
Looking for someone who can remove an old rock fireplace so we can update it. We took off one chunk of it and it appears it was installed directly over the wood paneling.
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17 August 2017 | 2 replies
Masonry is pretty expensive in my experience.
22 July 2017 | 23 replies
I did not touch either of the masonry chimneys.