I am working on a remodel project for a property which turn out to be a nasty house with poop infested.

The good thing about not having any tenants on your new purchase, it allows you to do a full remodel of the property and raising it to market rents when you lease the units up.

Purchase price: $60,000 Cash invested: $30,000 Sale price: $164,500 Total Remodel.

I am looking in Smyrna, GA area and I am more inclined to upgrade them as I will remodeling entire kitchen and hence do not want any trouble with load on the circuits.

Hi Wale, I’m interested in any contractors you might recommend for a Remodel that is currently Dow to the studs (property had a fire) Thanks in advance, much appreciated!

If I am not working on my own project, I am most often doing some form of carpentry or remodeling for a client.

Since my main profession is office management for a residential remodeling company, would flipping to build up more capital be a better place to start?

These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

The appeal of the house is it's had massive remodeling done in the past 4 years upstairs and is completely modern there, just had some poor craftmanship on a couple areas (tile work primarily).  

It is the amount a business charges above their direct cost.If your contractor has a 1.50 markup (which is reasonable for a remodeling contractor), that means that if the estimated cost for a job is $10,000, they'll multiply the $10,000 x 1.50 and arrive at a $15,000 sales price.Now many people who know little about business and even less about the costs of running a business will say, "Oh, look at that crook.