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11 June 2019 | 4 replies
I am not sure I can build equity by upgrading it that quickly.
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12 June 2019 | 4 replies
Hi All,My current tenant asked before she moved in if she could install shelving since her bedroom is small. I said yes under the condition that they are removed and walls brought back to pre install condition before ...
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13 June 2019 | 14 replies
I went with upgraded double pane windows.
14 June 2019 | 2 replies
New roof, new kitchens in both units, replaced all toilets and vanities, new flooring and paint, upgraded to LED light fixtures throughout, new exterior paint.
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14 June 2019 | 7 replies
Is there any issues with keeping a tenant and raising rents with minor upgrades (Counter tops, paint)?
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16 June 2019 | 26 replies
So I've been busy looking at deals, talking with people about my real estate journey so far, am 100% open about it to everyone I meet, pretty much.Today, I had a conversation with a coworker."I want that one house tha...
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17 June 2019 | 5 replies
You can use them for free up till 5 times or upgrade to pro and use them as much as you want.
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19 June 2019 | 18 replies
We have 5 more that we need to raise so over the course of the next few months we will be doing some upgrades then in January we will bring the rents where they need to be.
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3 July 2019 | 24 replies
The type of repairs also varies based on the loan type, here's some information pasted from (not my site) https://themortgagereports.com/18228/which-fha-203k-loan-home-construction-standard-streamlineThis is the work which is allowed via the FHA 203k Limited: Repair/replacement of roofs, gutters and downspoutsRepair/replacement/upgrade of existing HVAC systemsRepair/replacement/upgrade of plumbing and electrical systemsRepair/replacement of existing flooringMinor remodeling which does not involve structural repairsExterior and interior paintingWeatherization of windows and doors, insulation, weather stripping.Purchase and installation of appliancesImprovements for accessibility for persons with disabilitiesLead-based paint stabilization or abatement of lead-based paint hazardsRepair, replacement or the addition of exterior decks, patios, and porchesBasement remodeling which does not involve structural repairsBasement waterproofingWindow and door replacement and exterior siding replacementWell or septic system repair or replacementAnd, this is the work allowed via the FHA 203k Standard: Major rehabilitation, such as the relocation of a load-bearing wallNew construction, including room additionsRepair of structural damageRepairs requiring detailed drawings or architectural exhibitsLandscaping or similar “site amenity” improvementAny repair requiring a work schedule longer than three (3) months; or rehabilitation activities that require more than two (2) payments per specialized contractorImprovements that require a plan reviewerImprovements that result in work not starting within 30 days after loan closing; or cause the owner to be displaced from the property for more than 30 days during the time the rehabilitation work is being conducted
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8 February 2022 | 4 replies
You may be required to have the septic and well inspected and there may be requirements to upgrade the systems to current code if you are pulling permits to do extensive work on the residence.