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17 September 2015 | 18 replies
This is not to check if the tenant has washed the dishes but to keep an eye on the general condition of the property.
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21 November 2015 | 19 replies
.$43k / 6 months = 7.16k per month profit on 470k or 1.48% per month against your money.Here were the final numbers to keep everyone honest.Cost: $415K – Sale price of $535K, (I don’t usually account for the front end commissions, but they were $11,700 and my back end was ($10,700 + a small broker fee) = $535k-commissions (let’s call it a wash) = $535,000$535k - $415k = $120k, rehab was $55K so profit was $65k
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17 September 2016 | 1 reply
The property doesn't require a huge cleaning effort, just basic cleaning (washing walls, moping floors, etc.)I would like to avoid the higher cost maid services.
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23 September 2016 | 19 replies
I did all the demo, tile work (never doing again), install cabinets and hardware, (they were new box cabinets from a wholesale cabinet company), installed finish plumbing, installed appliances, pressure washing of fence, drives, basement walls, framing of washer/dryer walls and a lot of minor things along the way.
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15 September 2016 | 26 replies
During the financial crisis & real estate meltdown, many solvent companies/people went bankrupt because they didn't have enough liquidity, and therefore defaulted on their obligations, and some/many (technically) insolvent companies which had a decent amount of liquidity survived the crisis.
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28 June 2015 | 12 replies
I did a full rehab on the house including the following:new kitchen cabinets and granite counters with tile backsplashtile floor in kitchen and laundrynew appliances (no frig)new vanities in baths, tile floors, bathtubnew garage doors with openerslaminate wood floor in open living/family/dining areanew carpet in hall and 3 bdrmsall new heat/air registers and return air grillsall new outlets and switchesreplaced windows (vynil)removed all holly bushes at front and had a dead tree removed from backyardinterior paint replaced water heaterrepaired vynil siding and gutters as neededpower washed exteriorwood shutters on front windowsnew front door and storm doorI closed on the purchase of the house in Jan 15' and am scheduled to close on the sale side on July 10th.I am a remodeling contractor by trade and had every intention of doing my best to be "hands off" on the rehab, but it didn't work out that way.
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11 February 2016 | 13 replies
Was he using his own contractor or was did he have to use a specific contractor for the loan to work?
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11 May 2010 | 2 replies
When I rehabbed it, I had to pressure wash the old paint because it was pealing and then repaint it.
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3 April 2019 | 8 replies
After extensive wash down with bleach and other cleaners, seal walls and floors to seal in any contamination.