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16 April 2024 | 2 replies
However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.
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16 April 2024 | 1 reply
This includes rules for behavior, use of amenities, noise levels, and any other guidelines to ensure a positive experience for everyone involved.
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16 April 2024 | 9 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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16 April 2024 | 1 reply
The renovations included new flooring, fresh paint, a new HVAC system, updated bathrooms, and the addition of stainless steel appliances and granite countertops.
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15 April 2024 | 12 replies
New here, but have been reading the forums for several months as I consider real estate investing, but am having a hard time convincing my spouse the potential "hassle" of a poor tenant is worth the benefits.Our situation includes both of us working full time w-2 jobs and our primary goal is to assist in reducing annual tax burdens.
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16 April 2024 | 2 replies
This does not include cash flows, but just price sold from one buyer to the next, and current appraisal.
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17 April 2024 | 16 replies
Best deal after a number of bids.I don't quite remember the discussion at this point, but it included problems with the location and getting it up to code.
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16 April 2024 | 7 replies
These include market analysis, property selection, guest communication, listing creation and optimization, and more.
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16 April 2024 | 9 replies
I recommend you include some of your key qualification criteria in the advertisement.
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17 April 2024 | 34 replies
Ie a property with 0 repairs required, then a house with small repairs, then a full remodel flip that included adding and permitting new bathrooms, removal of walls, doors, windows etc etc.