Most homes now have to be raised/stilted and it adds way too much to a renovation budget to make it worthwhile for a flipper.

We finished the interior renovation and cleaned up the exterior for the most part.

hi everyone I recently purchased a home in Montclair and am going to pretty much renovate the entire house from paint, floor, cabinets, tops, doors, windows and landscape.Wanted to ask the Southern California bp comminuty and get your input as to where you guys shop for materials such as cabinets, countertops, paint, floor etc.Thanks!

Account Closed Oh this one is already in the hood, it's just been renovated already so it won't need a lot of work.  

Deal Stats:Units: 4 (2 duplexes with a shed and connecting roof)Rental Income: 2400/Mo, 28,800/year - though only 1800 when Im living there.Cost: 220,000, 3.5% down with FHA, 30 years at 3.25%Cash invested: ~9,000All units full right now, further deal analysis in this threadPlan is to do renovations on the unit I'm living in, purchase another multi unit in town, a flip in town, a turnkey out of town (have been looking at KC, Cleveland and Indy) with the refi cash and building an income stream from REI. 

I have a goal of of owning 5 multi-family properties by the time I am 40 as well as renovate 1 house a year.  

@Sean OToole i'll go through your posts, you are correct, I buy, renovate and rent and am not looking for a flip, so i can pay slightly higher than flippers if the neighborhood bring in good rents.

Personally, I have very little startup capital so far so I started out with a single family that I'm renovating and will rent out within two years and I'm looking to buy a duplex later this year.  

Here it is in a nutshell:He puts up all the money to buy the property in cash and fund any repairs (in this example we'll use $50,000)His wife (a real estate agent) helps find the deal and does the bookkeepingWe split any renovation work not done by a contractor 50/50I am responsible for paying him back $25k, which would come from my half of any cash flow. 

@Debbie Eto,I am saving up money to hopefully buy a small multi-unit that needs work with a renovation loan that my wife and I can move into in the Sacramento area.