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26 September 2019 | 38 replies
Typically the BRRRR method (in Memphis) is basically carpet, paint, light fixtures and a mop.
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29 November 2017 | 10 replies
My first property needed a new bathroom, new flooring, patching to the roof, plumbing changed out to pex, the faucets and fixtures, and several other misc; I was terrified at first.
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25 March 2019 | 7 replies
At first glance, it needs:Exterior: Roof, Siding, Gutters, Doors incl Garage door, Garage wall repair (there is a hole in the wall), Driveway (gravel & asphalt are common in the neighborhood)Interior: Drywall, Flooring, Cabinets, fixtures 250,000 ARV/Selling Price- 25,000 Profit- 110,000 Rehab costs (complete guess)- 4,000 Purchasing costs (inspections, etc)- 7,500 Holding costs (based on 6 month rehab)- 15,000 Selling costs- 15,000 Contingency costs 73,500 Maximum OfferI think the $250k sales price is low.
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10 January 2019 | 18 replies
You may want to watch this video, which gives a pretty in-depth overview of the considerations and best practices.As for the low-flow fixtures...
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26 March 2018 | 2 replies
As an example maintenance on a high end home with custom features and fixtures can cost more to repair.
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19 February 2016 | 16 replies
Raise the rent to 1500 if the home after rehab is worth 160 grand.Rehab costs are always more than you estimate so be prepared for some possible sleepless nights.Concentrate on getting the roof,plumbing,and electrical in good condition and really check hard for foundation cracks,leaks,and serious damage.Use attractive ,yet affordable fixtures,cabinets,and appliances to attract good tenants looking to pay more for a fine rebuilt home.
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13 November 2015 | 8 replies
Might need all new wiring, all new plumbing, appliances, fixtures, doors, windows, etc if someone has stripped it.
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14 March 2016 | 7 replies
Not really my cup of tea but I might be able to do something with it.
10 October 2016 | 5 replies
Offer to buy them a cup of coffee sometime.Are you living in a house with a mortgage now or renting ?
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19 September 2016 | 11 replies
If you ever wanted to connect over a cup of coffee let me know!