4 November 2024 | 11 replies
offering now 1.25M for the 1.495M listed property, with 25% down, no bridge loan, got an 8% offer. there are over 7 offers so not sure that this will be competitive but we will see.estimating around 60k total renovation as only 1 unit needs a full reno, other 2 need new kitchen cabinetry, nicer bathroom vanities and flooring. waiving inspectionHere are the updated rent forecasts, a 2bed can rent 2200/m and a 3bed around 2500/m in this area very close to Yale, 1st year negative but after that should be good CFhttps://docs.google.com/spreadsheets/d/1bLcUAKN5j8CpIKhcBKaD...
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4 November 2024 | 7 replies
Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.
3 November 2024 | 0 replies
I added value by renovating the kitchen and bathrooms, updating the landscaping, and finishing the basement.
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4 November 2024 | 12 replies
Possibly a second bathroom in the future, but not sure if that would be worth it.
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1 November 2024 | 19 replies
Basically, the bathroom has to be gutted and subfloor replaced.
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2 November 2024 | 1 reply
My mom was with me and asked why they did not use semi-gloss paint in the bathroom, kitchen and on the trim.
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4 November 2024 | 14 replies
To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!
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1 November 2024 | 4 replies
I'm particularly interested in purchasing two-bedroom, one-bath (minimum) properties that offer space and potential for adding an extra bedroom and bathroom.
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2 November 2024 | 10 replies
A half bathroom in this area adds ~$50k of value.