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12 April 2021 | 7 replies
And I agree with the previous post, 2 months in this market means there is something very wrong with it. 10k per unit is fine if its just cosmetic but you start needing common stuff like foundation, roof, boiler/plumbing and your 40k budget is gone.
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12 April 2021 | 0 replies
Purchase price: $100,000 Cash invested: $25,000 Sale price: $160,000 Single family cosmetic flip
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15 April 2021 | 17 replies
I heard that the properties that are sold are above the market price and that the rehabilitation/repairs the majority of the time is just cosmetic.
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13 April 2021 | 11 replies
Because it seems you're focusing on what's largely a cosmetic issue about your renovation instead of the more important things you need to get this renovation done.
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13 April 2021 | 3 replies
I'm concerned about sucking the max capital out of it more than I am on cosmetics or attracting tenants.
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15 April 2021 | 12 replies
I'd already considered in my offer about $10K-$12K/unit for major cosmetic upgrades and deferred maintenance issues.
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24 May 2021 | 3 replies
Managed to get an FHA on it, did some minor cosmetic changes, raised rents, and am renting out all 4 units and it's cash-flowing really well.
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15 April 2021 | 5 replies
Right now I am confortable with properties that need cosmetic rehab.
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17 April 2021 | 1 reply
I'm looking for books that are motivational, ways to create a strong routine, ways to properly manage your time while working 40+ a week, ways to work smarter, not harder, and ways to live an overall efficient and happy life.
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3 May 2021 | 18 replies
You would be able to subtract certain closing costs (routine selling expenses) such as your any broker's commission, title, escrow and documentary transfer tax, to get to your Net Sale Price, which would likely be around $235,000 in your case.