Sheri Lowrance
Please help confirm my 1st off-market flip #s in Denver, CO area
11 April 2019 | 12 replies
Maybe do a less expensive rehab, just enough to hit your target rent but not using high end materials that you would use for a flip (durable rental products like LVP flooring and Laminate counters instead of bamboo and granite for example).
Account Closed
Visual inspection Red flags?
8 April 2019 | 1 reply
Cracks in the foundation, dangling wires, three layers of roofing material on the roof, broken fixtures, off color carpet areas, spots on the ceilings, soft spots in the walls in the bathroom where water has penetrated, swampy areas in the lawn.
Chris Laino
$75,000-85,000 Estimate, does this seem accurate?
9 April 2019 | 9 replies
You may need to buy the material from one place, and then find a flooring person for the install, to get the best deal.
Allen Lopez
Do you do most painting and repair work yourself or pay?
9 April 2019 | 15 replies
When we close on a new rental property, we plan the first weekend after closing, have materials ready to go, and hire workers, like we have a guy who works for a painter during the week that will come in and plaster/paint the more difficult rooms while I paint the easy ones, my husband is great with electrical, we both do the little stuff like caulk, clean up the exterior, while a handyman is there changing out a toilet or other items we just don't want to do, and Lowes is delivering any appliances.
Kevin Ferguson
Apartment Investing Events / Seminars ??
11 April 2019 | 7 replies
Better off reading the materials on this board and asking the folks around here for help.
Kahleb Kelsey
Starting out in the Bay Area
17 April 2019 | 12 replies
Even then materials still expensive...
Jared Garza
Help estimating rehab costs
9 April 2019 | 8 replies
This is what I would budget assuming its a lower class neighborhood and having a handy man do most of the repairs.Possibly a little foundation work (it’s on blocks) - not descriptive enoughnew water heater - $700 to $900 (Labor & Material)needs central ac/heat installed - $4 to 7k for both ac & furnace unitsnew roof (fascia and all components included) - assuming asphalt shingles, ~ 12 squares, probably $3 to $5k (Labor & Material)new flooring possibly some subfloor replacement - not descriptive enough...you can get install a vinyl tile for ~$4...subfloor work may be around $45 to $60 per 4x8 sheet to replace exterior siding work(paint some, replace some) - paint is generally $1 to $1.50 per sf, but could be more if there is alot of scraping, patching, etc (Labor & Material)some drywall work where there are some small and large holes in the ceiling and walls in a couple of spots. - budget $500 to have a guy patch walls for a day or two (Labor & Material)couple windows replaced because of broken glass - if you can replace the panes maybe $100 to 150 each, otherwise full window ~$300 each.
Eric Clement
General Contractor - 50/50 split?
10 May 2019 | 17 replies
I would pay acquisition and materials cost upfront, the broker/attorney finds and analyzes the deal (makes6-8%), contractor estimates all rehab costs & takes on labor risk but makes 50%.
CJ M.
Would you take 75%+ CoC with $200 monthly cash flow?
11 April 2019 | 59 replies
And really inflation should cause building material and labor to increase 2-3% per year so an appreciation assumption of 2-3% is logical.
Brandon Tobalski
Very New, No Clue Where To Start
10 April 2019 | 4 replies
This gives me somewhat of a direction while i study up on various materials.