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18 September 2018 | 4 replies
The agent was informative and also suggested other properties in the surrounding area once I mentioned I was new to investing in rehab properties.
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18 September 2018 | 0 replies
Any suggestions on maintaining rental properties as far as maintenance
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18 September 2018 | 7 replies
If any one has suggestions or anything, that would be great!
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9 October 2018 | 38 replies
For example, a quick "back of the napkin" conceptual estimate (WAG) suggests the following:Appliances (dishwasher, refrigerator, stove, hood): $3,500Kitchen sink, disposal and faucet: $500 (material only)Kitchen hardware: $200 (material only)Kitchen cabinet restoration: $3,000Kitchen countertop restoration: $1,500Plank flooring: $3.50/SF x 2,000 SF = $7,000 (material only)Electrical rehabilitation (including light fixtures): $4,000Plumbing rehabilitation (including toilets, faucets & shower): $3,000Bathroom tile (2 baths): $5,000 New roof: $10,000New siding: $6,000Paint (outside): $4,000Paint (inside): $5,000Staging: $1,650TOTAL: $54,350This estimate does not consider any cost associated with building permits or design professionals.
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18 September 2018 | 4 replies
Also in terms of collecting rent, any good suggestions aside from tenant mailing check?
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18 September 2018 | 8 replies
The guidelines are different for both types of loans, so I would suggest you speak with a few lenders to see which best suits you.If you do close in your personal name and then transfer title to your LLC, you may very well violate the due on sale clause contained in your mortgage.
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18 September 2018 | 10 replies
Thanks for the suggestion, I will definitely take that into consideration.
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20 September 2018 | 8 replies
Please share your plans/bandwidth for further suggestions.
21 September 2018 | 8 replies
If anyone has some suggestions of some good companies to hang my license with I would really appreciate it!
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1 October 2018 | 5 replies
I myself don't buy SFH above $150K because numbers usually dont work in my favor, but i would suggest networking with real estate brokers who focus on higher end listings.