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18 March 2020 | 11 replies
Proposed daily budget?
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18 May 2020 | 6 replies
Hello folks in the BP Davis community.I have a SFR that was our prior residence in Davis CA that has been rented out for 8 yrs and now we plan on selling after lease runs out this June.We need a good design build firm or contractor we can work with to run the project as we live out of state (Vancouver WA) and spruce it up with light rehab as much of the house is untouched since built in 2003.We are definitely NOT doing crazy expensive upgrades but will do a moderate upgrade so that we can max the value add/ROI that's worthy of the good neighborhood this house sits in (Wildhorse). esp as we transition from current renters to selling to end user (eg likely family).Does anyone have good trusted contractor or design build firm they can vouch for that does well executed remodels on time, on budget?
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7 March 2020 | 3 replies
For the past few months I’ve contemplated selling my house and renting somewhere on a budget and using that money for an investment.
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9 March 2020 | 2 replies
My capex budget includes but not limited to: roof 25 year life span, floors normally 10 years but tile will be 20 or 25 years, appliances and hot water heater 12 years, hvac 20 years, bath and kitchen remodel 20 years, etc.
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7 March 2020 | 4 replies
For any rehab, I think you should also have a significant contingency budget.
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9 March 2020 | 45 replies
I love the mentality of just getting on-base, Michael, so that you can get into the game, but this is looking awhole lot like you're leaning your head into the strike-zone hoping to get hit by a pitch that might do more damage than you realize.Somebody else mentioned it already, but what you have budgeted for Repairs, Vacancy, and CapEx just won't cut it on a property of this vintage.
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8 March 2020 | 3 replies
They might not be comfortable with you collecting the rents but atleast seeing the day to day stuff and the budgeting so you see where the expenses are.
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10 March 2020 | 4 replies
Basically, you need to budget in for a month of loss of rent.
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4 April 2020 | 16 replies
Our home was put on the market for $629k and before we made it to open house we had 2 private showings and multiple offers came in and we agreed on the best offer of $640k and a flexible closing (because we’d be rehabbing the new home).The rehab went over budget and longer than expected and while we did agree to a flexible closing, (we did extend 3 extra weeks) we could not afford to hold 2 mortgages much longer so decided we had move out.Moving day came and we moved out of our home and some furniture went into the finished rooms and the rest went into a POD.Where did we go?
9 March 2020 | 2 replies
If your ARV and reno budget are accurate, this could make a good flip.