Here is the math on your example 1100 sqft = $60k remodel + 1000 sqft new construction = $100k, total rehab on this project will run $160K.

{Just this spring, we started adding a CD with soft copies of all this information to each binder} Once I get time, we'll put all of this on-line.We also provide a new toilet brush (I buy them by the case when they are on-sale for $2.99 each), a plunger, shower curtain, and a tray of cleaning supplies under the kitchen sink whenever a new tenant moves in.This costs us around $30 per turnover.

The.property will act an office/shop for my remodeling/custom woodworking.business.does anyone have any suggestions on finding such a lenderThank.youTyler Roderick

The other one was similiar except instead of a land contract I had a private lender front the purchase and I paid the remodel costs then refinanced a couple months from purchase with new value and tenants in place.I believe having cashflowing updated properties with 15 year financing allows me to purchase more properties faster.

You have to watch out if the water usage is way beyond what it should be, it could be a broken pipe or bad toilet, but also it can be that the tenants are running a dope lab.We had someone steal water from a house for that very reason, in a very nice neighborhood,,,of course at first the police were told about my tenant' usage, but I had talked to the water department and was working with them.

Both properties are priced at $80 per square foot, which I think is pretty good because they are both in great shape (I would be putting nothing into them in the way of improvements as they have both been remodeled recently).

It really is small @ about 300 sq. feet and I was getting $1,100/mo. before remodel but now I'm renting for $1,200 after the kitchen update.

I purchased a three unit place a year and three months ago, today the tenant in one unit complained that the carpet in the bedroom was soaked with water from the toilet two years ago and wants the carpet replaced.She believes its my responsibility, I beg to differ but don't want to say either way till I have a definitive answer.

For instance, I know that a full gut and remodel including new toilet, new vanity, mirror, sink, glass door enclosure, stone/tile on shower walls, etc will run me $2500 per bathroom.

If there's a product that's suitable for it, I would love to hear about it.Steve, unfortunately the vanity is rotted out next to the toilet, and doesn't look savable.