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3 June 2020 | 1 reply
I'm about to make a lot of renovations to it that will significantly increase the value of the property (roof, interior/exterior paint, flooring, kitchens, bathrooms etc).If I apply for a HELOC, will the bank likely use the purchase price from September or will they consider the renovations when appraising it?
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4 June 2020 | 9 replies
But I’m just trying to figure out what others have spent in the past for a class d property.Example new appliances under $1000New counter tops $500What kind of flooring would one put?
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5 June 2020 | 12 replies
Same goes for vanities, toilets, flooring, doors, etc.
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12 June 2020 | 4 replies
Unit B gets a clean slate on your books, and it would fall on the seller to try and collect from Unit B for the previous month.
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4 June 2020 | 0 replies
It is a 1972 property with mostly paint and floor but we would also want to remodel kitchen and bathrooms.
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15 June 2020 | 5 replies
The top floor is a one bedroom apt and the bottom floor is commercial space that was most recently a liquor store.
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4 June 2020 | 3 replies
.- New paint (interior/exterior)- New floors - washer and dryer hookups need to be installed- countertops etc.
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4 June 2020 | 1 reply
All new electric, all new plumbing, all new flooring, all new paint.
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5 June 2020 | 1 reply
But you may want to consult with an attorney on all of the above to be crystal clear about where you stand legally.You could also give the tenant a clean slate and just expect them to start paying rent to you after closing.