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5 February 2025 | 1 reply
How much did the rehab cost and how long did it take to complete?
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6 February 2025 | 3 replies
You can start to educate yourself on the individual components; how much does it cost to paint on a per sqft basis or what is an average kitchen remodel.
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11 February 2025 | 1 reply
If comps are scarce, you might also consider the replacement cost approach, looking at what it would take to rebuild and adjusting based on market conditions.
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3 February 2025 | 56 replies
And cost is not coming down.
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5 February 2025 | 28 replies
Finding durable products at reasonable costs.
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5 February 2025 | 8 replies
The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.
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13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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2 February 2025 | 9 replies
So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.
29 January 2025 | 20 replies
We don't believe they are stealing, but their negligence has cost us a lot of money.* Is this enough to file suit in small claims court?
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23 January 2025 | 5 replies
FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.