Location: Portland, MaineDuplex with 6 beds 2 baths (3 each)Purchase date: 05/01/2015Purchase price: $265,000Reno costs: $35k% Down: %10Morgage Balance: $216,988Morgage Rate: 3.65%Monthly payment (P&I,T,I): $1,556Rental income from first floor: $1,950 utilities included except for electric and internetMonthly expenses est.: $500Estimated rent for 2nd floor (owners unit): $1950 Total estimated rent: $3,900 monthly Total estimated expenses: $500 monthly I currently have a $107,000 HELOC on this property The property appraised by the bank at $383,000 for the HELOC.

We will be remodeling the kitchen, floors, and (unfortunately) windows, next year.

My wife's dad is in the flooring/cabinet business, so we got some guidance there but everything else we figured out ourselves.  

The cabinets, flooring, and paint look to be in good shape from the photos, but what about the roof, foundation, HVAC, water heater, etc.? 

I replaced old plumbing and repaired damaged flooring.

I missed out on 2 of them but I got one for $21,900 and it has a recently updated kitchen, new flooring in the kitchen and dining, all the appliances still there, and in good shape inside and out.

There are 3 floors.

Are You in need of a Wood Flooring Contractor on Your Investments/Rehabs? 

Are You in need of a Wood Flooring Contractor on Your Investments/Rehabs? 

I am working on a project and my client wants to hire an interior designer to pick out the finishes and create a new floor plan for her kitchen.