Michael Doherty
1st Flip Turned 47k Profit!
2 March 2020 | 1 reply
Scope of rehab included: - 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwood floors- restructure garage- new roof- replace furnace and service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (used Home Decorations LVP Flooring)- Paint walls, ceilings, trim (used Sherman Williams Agreeable Grey)- landscapingAfter our full renovation we went 16k over budget.
Matt W.
When are permits truly necessary in a BRRR?
4 March 2020 | 12 replies
Certain big items, such as complete AC replacement, require a permit inspection in my county.
Patrick Menefee
Deal #3 - Vacant duplex with a minor rehab!
2 March 2020 | 0 replies
Unit 1 - Painted throughout, installed new floors throughout the downstairs, replaced appliances, kitchen cabinets, the bathroom vanity, the majority of the light fixtures, and the old dirty light switches and outlets.Unit 2 - Replaced water heater and rangeOther - Repaired roof, added some foundation supports, and added curb appeal by painting the patios/doors, replacing porch lights, and putting new house numbers on top of the paint What was the outcome?
Michael Doherty
1st Flip Turned 47k Profit!
2 March 2020 | 0 replies
- 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwoods- restructure garage- new roof- replace furnace, service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (Home Decorations LVP Flooring)- paint walls, ceilings, trim (Sherman Williams Agreeable Grey)Leased out 2/3 units showing a total income of $2090.
Patrick Menefee
Deal #3 - Vacant duplex with a minor rehab!
2 March 2020 | 0 replies
Unit 1 - Painted throughout, installed new floors throughout the downstairs, replaced appliances, kitchen cabinets, the bathroom vanity, the majority of the light fixtures, and the old dirty light switches and outlets.Unit 2 - Replaced water heater and rangeOther - Repaired roof, added some foundation supports, and added curb appeal by painting the patios/doors, replacing porch lights, and putting new house numbers on top of the paint What was the outcome?
Ken R.
Pointer to Tarrant County Banks Willing to lend to LLCs
3 March 2020 | 5 replies
If the owner of the relinquished property is an LLC, and the purchaser of the replacement property is an individual, the IRS might decide to disallow the exchange if you can’t demonstrate they are the same entity (we have worked with our CPA and 1031 exchange company to feel comfortable here).
Patrick Menefee
Deal #3 - Vacant duplex with a minor rehab!
2 March 2020 | 1 reply
Unit 1 - Painted throughout, installed new floors throughout the downstairs, replaced appliances, kitchen cabinets, the bathroom vanity, the majority of the light fixtures, and the old dirty light switches and outlets.Unit 2 - Replaced water heater and rangeOther - Repaired roof, added some foundation supports, and added curb appeal by painting the patios/doors, replacing porch lights, and putting new house numbers on top of the paint What was the outcome?
Michael Doherty
1st Flip Turned 47k Profit!
3 March 2020 | 6 replies
- 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwoods- restructure garage- new roof- replace furnace, service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (Home Decorations LVP Flooring)- paint walls, ceilings, trim (Sherman Williams Agreeable Grey) What was the outcome?
Jack Moran
Painted wood shingle siding, chipped, peeling, old
5 March 2020 | 5 replies
I guess the options would be; Rip them off and re-shingle Just replace the broken ones and then scrape the old and prime/paint everything.
Maxwell Fontaine
Closed on a Subject to deal
3 March 2020 | 2 replies
Replaced the windows, HVAC, thorough cleaning & paint What was the outcome?