I have an extra 5k in my budget I was trying to save for profit as the kitchen was much cheaper than expected but I'd rather keep it unless I get a good roi on converting the heat.A friend of mine is an hvac guy and I'm waiting for the attorney to close so I can bring him to the house and see what he has to say as far as the price goes

Feet, and the type of fix (i.e $25 Sq. ft. for Kitchen/bath, paint, floors) ARV - $350.000Private $ - $280,000Private $ Fees - 7% - $9,800Fixing Costs - $55,000Holding - 3% - $10,500Closing - 3% - $10,500Realtor - 6% - $21,000Profit - 14% - $49,000Max Offer - $194,200That's what I use, my fixes are based on a general formula I perform my due diligence prior to making a real time offer but it's close enough to let me know if I should be interested or not.Mike

Purchase Price: $65,000Projected Repairs: $80,000Projected ARV: $225k - $240kRight now I am finalizing our budget numbers on this one but the scope of work needed on this is as follows:- New siding- New plumbing & electrical wiring- New Roof (30 year composition) - New Front Porch & Portico- Replace rotted wood on small addition for the hot water heater- New Site Built Cabinetry and Extensive Crown Molding trim & builts- Open the Dining, Living & Kitchen walls to one another (Open Concept)- Increase the Living Room ceiling height to 9.5 feet- Sand & Stain floors- Replace (1) window (Amazing enough ALL the windows are in STELLAR condition!)

Detail on the house....Purchase Price $54,000.00 :))3br 2bath 1371 sqft fenced yard the house was foreclosed on in 2013the original owner started a remodel in 2011in the original rehab the owner replaced the flooring in the bathrooms and kitchen with tile.

Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows (6 windows, 2 doors): €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

If you do apartments in basement --check for plumbing problems or costs --for kitchen bathrooms etc --and seepage ( if ground water high) or flooding etc -- If you like so much --pay $1000 and get an Option for six to 12 months --tie up property and then do creative thinking and marketing --even find a partner-- If zonend for 24 untis MF --it may be easy to get zonned for a 40 room hotel - independent or weekly rentals --with kitchen --more profitable --if there is lot or tourists --good night life downtown -- etcOR basement can also have a retail --Salon / or restaurant --or health spa-- --think about long term --tenants-- Good luck..

That being the case, you need to become an expert on analizing the costs yourself.Here is what I would suggest: Spend many hours at Home Depot and/or Lowes to familiarize yourself with costs on typical rehab items such as flooring (carpet, tile, travertine, etc), toilets, bathroom vanities, sliding mirror doors, interior doors, baseboards, door casings, light fixtures (celing fans, etc) paint costs + paint supplies (tarps, brishes, rollers, etc), windows, sliding glass doors, kitchen cabinets and countertops, sod, trees, plants, bushes, ground cover, etc.

So have a blessed day....That same saying was on the kitchen wall in a house I bought at sheriff sale ...So I think you have to be somewhat willing to handle some of your own problems on a day-to-day basis ...Oh, and for reading, that same house had the book titled "A Day Late and a Dollar Short" - they really should have written the sequel: "A WHOLE Lot More than a Day Late, and a WHOLE Lot More Than a Dollar Short" :D

New Roof, New front porch, paint everywhere and remodel of the kitchen and bath.1 month to rehab.

When you rehab an apartment, are you using tile or vinyl on the bath and kitchen floors?