I prefer to create more value by buying building with lots extra unfinished spaces or big dry walk out basement walk in attics, attached barns etc adding bedrooms increases cash flow quicker cheaper than extra bathrooms and adding entire apartments great too.

Replaced rotten floor joists, brand new bathroom, new kitchen, new electrical, new plumbing, new paint.

Don't try to get discounted engineering and architecture for a high end project.

Don't try to get discounted engineering and architecture for a high end project.

Hello, Does anyone have any good reco's for a handyman to come and redo a master shower and bathroom floor tiles in the Dallas area?

hi everyone. i've been thinking about using my mom and dad's house as a rental property and would like some input. i'll try to provide a lot of information while keeping my post short.regarding my family dynamic: my dad passed away and my mom is living by herself in the house. they want to leave the house to my siblings and i. there are 4 of us (2 sisters, 1 brother, me). my 2 sisters live out of state each in a different state and don't plan on moving back here. my brother and i live in state but we both have our own things going on and don't plan on moving back into the house. ive only spoken to one of my sisters about this.regarding the house: IIRC my mom did a refinance, i THINK because her name wasn't on the loan. for some reason only my dad's name was on the original loan. i'm not sure what the terms are of the loan but i think monthly payments are in the mid-$1000 per month. it's a 3 bedroom 2 1/2 bathroom house. comparable rents in the same city are (according to zillow) listed at over $3000 per month currently. i haven't looked in to property management costs yet.can anyone who's ever split a rental property one or multiple ways with family think of anything that all of us have to consider?

This home is worth about $450,000 today so we would be buying at a discount.

There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

Does updating a bathroom or kitchen add more value to a single family home?

If a tenant does not have a pet, they get a discount.