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11 July 2012 | 12 replies
No, I did not inquire about the small print as I don't invest in retail space.
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12 February 2012 | 23 replies
What about turnover costs (when a tenant leaves, you'll likely have to paint, replace some flooring, repair or replace cabinets/countertops, etc)?
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26 February 2012 | 5 replies
I wouldve had about 8k in the deal including EVERYTHING (repairs,utilities, holding time, taxes, transportation costs, contingency etc) but i felt putting in 8k and selling for 12.5k (350/mo @16%, 48 mos) wasn't a wonderful return. 12.5k sales price was with repaired walls, new HVAC system, new paint, but not replacing flooring and several soft spots in subfloor.
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17 October 2012 | 55 replies
Some typical jobs are garage and room additions, kitchen and bath remodels, flooring, painting, roofing, siding, and window installations.
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30 April 2013 | 12 replies
That house could have it in stucco, window putty, drywall joint compound, ceiling texture, sheet vinyl flooring, vinyl floor tile, flooring and other mastics, HVAC ducts, and other things - most major surfaces.
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1 April 2012 | 28 replies
It depends on what the tenant base is.Efficiencies and one units have a bunch of negatives.Turnover and reconditioning cost is high.Lenders upon refinance also do not like 100% 1 unit buildings.So it can be hard getting cash out after rehab with that unit mix.Also what happens is usually if someone fall son hard times with a2 bed they can get a roomate and stay.If the girlfriend gets pregnant they can convert the second bedroom that was an office back into a bedroom.If the girlfriend of wife gets pregnant a second time they can take the 1 bedroom and take out the one bed and put a bunk bed in.With 1 units unless it is an abnormally large space for a 1 bedroom most tenants will move to a 2 bedroom.I personally like 2 bedrooms unless you are talking college dorms or seniors that need a 1 bed or studio space.
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14 February 2012 | 8 replies
Depending on your locale, I'd demand one that will go into crawl spaces and into attics.
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16 February 2012 | 4 replies
They promote it in a couple of magazines and online spaces as well and every couple of days I get an email as I am sure they are sending everyone on how great the program is (complete with balloons and confetti)!
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10 July 2013 | 11 replies
Likewise with fixtures, cabinets, flooring, etc.
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17 February 2012 | 8 replies
if i have the space and opening, i always provide DW. most people these days are coming from their homes, where they HAD a DW. cant tell u how many times i have heard "i will not rent a house that has no DW". and besides, it's $280. come on, that's cheap.GD - i always add it. it costs me $85 and takes 30 mins. i get the loud ones so they dont forget to turn it off.