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30 October 2019 | 3 replies
Bring your cabinet model number if they are relatively new.
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28 October 2019 | 2 replies
Other big expenses - flooring, kitchen cabinets, drywall repair, etc - can usually be worked out if you end up tight on funds.
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29 October 2019 | 32 replies
I usually use black as you can't see scuffs, or marks as easily and it matches fairly well with most wood cabinets.
28 October 2019 | 2 replies
This is based of a 120k house.Recommendation needed:Where do you go to buy kitchen cabinets?
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30 October 2019 | 1 reply
Looking for any recommendations for vendors that supply flooring and cabinets when turning units in an apartment complex.
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30 October 2019 | 0 replies
The agent told me that it covers everything on the inside(walls and attachments, cabinets, flooring) as well as the outside of structure, so I won't need any dwelling insurance on it.I'm just wondering what kind of insurance everyone else carries, especially those who own rental units in HOAs.Any help is appreciated :)
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31 October 2019 | 5 replies
@Quinton Huntley for me it's been flooring, paint, and reface the cabinets
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22 December 2019 | 13 replies
Can be converted into 3 bed / 2 bath814 Sq Ft Garage Apartment - 2 Bed / 1 Bath - Full sized kitchen and living room3 Car GarageFinancials:Purchase Price: $70,000Rehab: ~$71,500 (not including contingency and soft costs)Closing Costs (Purchase): ~$1,000ARV: $185,000 All-In Cost: ~$156,000 (including 20% rehab contingency)Refinance out 80% = $148,000Net out of pocket: ~$10,000Monthly Income and Expenses:Rent: $2150 ($1300 for main house + 2 garages and $850 for garage apt + 1 garage)Mortgage: $850Taxes: $170Insurance: $170Property Management: $225Repair Reserves: $215Cashflow: $520 per monthCash on Cash Return: 62.4%Repairs and CAPEX will be very low as everything will have been re-done when you finish up the rehab (foundation, A/C units, subfloor, floors, paint, etc)Rehab Breakdown (Estimated):Garage Apartment: - New A/C unit - $3,500- Exterior Soffit/Fascia Repairs - $1,500- Dumpster $1000- New Stairs - $1,000- Sheetrock - $5,000- Paint - $2,000- Floors - $2,500- Doors/Trim/Baseboards - $3,000- New Kitchen Cabinet Doors - $1,000- New Stainless Steel Appliances - $1,500- New Sink/Faucet - $200- Tile Backsplash - $1,000- Granite - $1,500- Shower Tile - $2,500- Bathroom Vanities/Tub/Faucets - $800Main House: - New A/C - $4,500- Foundation - $3,500- Exterior Soffit/Fascia Repairs - $1,000- Dumpster $1000- Subfloor Replacement - $2,500- Sheetrock - $7,000- Paint - $2,500- Floors - $3,500- Doors/Trim/Baseboards - $5,000 - New Kitchen Cabinet Doors - $1,500- New Stainless Steel Appliances - $1,500- New Sink/Faucet - $200- Tile Backsplash - $1,000- Granite - $1,800- Shower Tile - $2,500- Bathroom Vanities/Tub/Faucets - $1,500- Convert Half bath to Full bath - $3,000Financing: Paid cash for the property from my 1031 proceeds.
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2 February 2020 | 13 replies
It's a very nice unit, with quality appliances, mini-ductless air/heat, tankless w/h, but prefab stall shower and Home Depot sinks, cabinets/tops, windows-doors etc.
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27 November 2019 | 37 replies
We are subbing out the specialty items:Complete re-do of the knob and tube electric (we knew it going in and built that into the offer) but like everything its going to cost a little more than I expected (mainly because we added some items to the project scope) so that forces us to do a little more to make up for that overspill.So we are doing: minor plumbing, LVP flooring in Kitchen and Bath, refinishing the hardwoods ($5K savings), replacing vanity in bath, complete removal and replacement of the kitchen cabinets, painting and trim work, some door and hardware replacement and a dozen other little cosmetic things.Sometimes to make the deal work you have to do the sweat equity and make the math add up.