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1 July 2014 | 13 replies
That means everything...drywall, flooring, kitchen, bathroom.
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27 June 2014 | 0 replies
Upon entering the dilapidated shell-of-a-home that needs to be gutted and cleared of debris, I find 30 year old insulation covering the floor of each room, warped floors, no ceiling, a leaking roof, a destroyed kitchen and an owner attempting shop his home for the highest bidder to hopefully get ARV for his hunk of junk.What I'm finding is a common theme since full blocks are being bought out and the natives being forced out to make way for hipsters, swanky little coffee shops, and inflated real estate prices.
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28 June 2014 | 3 replies
Parts of the exterior need some paint as well as the interior, the yard needs some work, the kitchen needs new floors and new cabinet doors, etc. ( I have yet to visit the property in person but this is what I could gather from the pictures).
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28 April 2015 | 48 replies
You should also set aside 10% of your net income as a capital reserve to fund all of the renewal/replacement of the property itself (roof, HVAC, floors, kitchen, bath) which will occur every 5-20 years and replacement of appliances (fridge, stove, washer/dryer, etc).That's a $120K investment.
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30 June 2014 | 2 replies
Haven't seen interior yet except peering thru windows but estimating about $35,000 to uncover and refinish hardwood floors, replace some windows, paint everything inside, lite kitchen updates, some new appliances, and light bathroom updates...budgeting to replace one boiler immediately.It's up/down 3 bed 1 bath on each floor, would rent for about $1400 per side in as/is condition, but could fetch 1750 per side if updated.
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30 June 2014 | 3 replies
Not in horrible shape persay, but it does need paint, flooring and appliances.
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3 July 2014 | 13 replies
You should definitely take that into account.CapEx Reserve - all those furnaces and lighting and flooring will eventually need to be replaced.
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30 June 2014 | 3 replies
This far I have done 1 flip and hold many rentals.Scope of work for a single family in PA2nd Floor Bathroom New tub and flooring and possibly drain and faucet replacement New vanity and fixtures Bedrooms and hall way Windows?
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1 July 2014 | 3 replies
And I measured the appliances on the showroom floor to specially pick ones that would fit through that door.
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1 March 2015 | 10 replies
I would suggest going for that and renting out a floor instead of bedrooms in your home.Good luck and keep us informed.