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26 November 2015 | 6 replies
The house walls are in good shape, but could use a little touch up paint in certain spots.
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26 November 2015 | 5 replies
Another rental I didn't raise the rent for their renewal because that local market in and of itself would not support it.
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25 November 2015 | 4 replies
Not all markets can support flipping.I would also recommend you go see their rehabs to get a feel for what is working.
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25 November 2015 | 1 reply
I'm so excited and eager to get started and most of all, get all the support, advice, guidance and work to be truly successful in this business!!!
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14 April 2016 | 34 replies
As far as I know, all three have experience in everything from a mop-and-paint to new construction.If you're looking for data support in Snohomish County, I know @Doug M. has been doing a fair bit of work with analytics, might be something you'd want to look in to.As for me, I'm just a small time buy-hold rentals guy, but maybe we'll have a reason to talk business after I wrap up my current purchase, or just shoot the breeze at the next BP meet-up.Cheers, and welcome to the community!
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25 November 2015 | 2 replies
Straight out of high school I served in the military and then spent the past 10 years working in IT.I have finally reached a point where I’m tired of working for the corporate industry on a limited salary while doing nothing for my retirement.For the past year I’ve been watching house flipping shows and decided I wanted to give it a try.Six months ago I bought my first house with a 203k loan that I’m currently living in so I could get some experience.I paid $167,500 for the house and took out $35,000 with the 203k.The house was a probate that had been abandoned for 5 years.Half the house was on a concrete slab that had sunk about 4” in the middle and it was completely outdated.We removed 2 load bearing walls to open up the kitchen, knocked out the back wall, built a new subfloor, and put up a 4 panel sliding glass door to let in some sun light.We installed porcelain tile in the kitchen, stainless steel appliances, new cabinets and quartz counters as well as recessed lighting.We fixed the foundation problems by mudjacking to raise the floors and carpeted the back 3 rooms that sat on top of the slab.As you can imagine we ran through the $35,000 quickly.The 2 bathrooms are still outdated and the house needs new siding.After the renovation we had it reappraised (per the 203k loan agreement) and they said it was worth $215,000.About 3 months after the renovation I attended a 3 day Fortune Builders seminar and come to a realization I probably could have saved about $20,000 if I had systems and processes to follow before I purchased the house.After listening to BP podcasts and hear other people’s experiences I’m quite fortunate I didn’t lose money.This sums up my real estate investing experience.
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28 November 2015 | 13 replies
By simply opening a wall & installing a doorway the city allowed it as well as leaving the second kitchen etc in place.
2 December 2015 | 9 replies
I would check the moisture content of the walls, concrete floor, wood members in the basement and the air itself - my guess is that they're all reading higher than recommended.
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28 May 2017 | 19 replies
Mgmt companies, put an offer on an additional duplex line up construction / support crews, etc.
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2 December 2015 | 8 replies
I am not eager to deal with the natives in Fredericksburg, but I am not unwilling if there is a good deal to be had.I have more support in Richmond because my family is there.