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25 November 2024 | 18 replies
We replaced the sewer line and it cost about $8500.
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29 November 2024 | 27 replies
We have also done window replacements and replaced analog thermostats with programmable digital thermostats.Interested to hear if anyone else has had success with weatherization/insulating and other energy efficiency measures.
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27 November 2024 | 10 replies
Easier to work on and if one craps out you just have to replace that one instead of the whole combo unit.
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27 November 2024 | 4 replies
I personally like multi-family properties as they have less capex (one roof to replace vs multiple) but that is just my style with investing.
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27 November 2024 | 6 replies
I've got a cleaning/replacement sheet.
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27 November 2024 | 2 replies
Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.
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28 November 2024 | 10 replies
When I have seen this done or done this for clients, the properties being crossed are generally refinanced into the same loan, replacing your first lien (blanket/portfolio loan).
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25 November 2024 | 23 replies
The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.
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28 November 2024 | 13 replies
I am in the market for replacing my carpet and the cost for carpeting 1,100 SF is $8,000.
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28 November 2024 | 22 replies
The local casino just replaced free charging with 50c/kwh (4-10x the home price.) when they figured out people were just leaving their car there to charge while they went home.