In our basement we run a fan.

This home features a wood burning fireplace on the first floor, first floor master bedroom, new wood flooring, granite counter tops, new kitchen cabinets, new bathroom tile and fixtures, new drywall throughout, new lighting, ceiling fans, new windows, neutral paint throughout and a built in island range with hood and upgraded s What made you interested in investing in this type of deal?

Hi BP familly.. i am a huge fan in South Africa but i currently dont have money to invest so i decided to find houses for some of the guys i know that have money then they can pay me a fee and an option to let me manage the houses i get at a 5% fee of rent.. now i just recieved my 1st call from a motivated seller.. can you please advise what are somw of the question that you ask when you get a deal over the phone? 

When the repair person shows up all of a sudden there is a leaky toilet, the front window doesn't close and they want the ceiling fan looked at and you end up with a bill for it all. 

As a rule the big captive agent insurance companies are losing money on their insurance business and then barely breaking even with the profits from financial services divisions.

If you've spoken with me for more than 10 minutes, you know I'm a big fan of STRs and AirBnB as both a host (SuperHost, in fact, nbd, just a celebrity here) and as a traveler. 

You may like syndication, REITS, rental units, commercial, etc....I'm a big fan of appreciation and little debt.  

These service contracts generally cost $300 to $600 for a year-long basic-coverage plan that includes items like ceiling fans, water heaters and furnaces.

@Luan Oliveira I like agreeable gray but not a huge fan of sherwin williams paint so i get the color matched version at home depot

REHAB BUDGET and SCOPE OF WORK : $90K ( built into loan) $30K for each Gutted unit$5K per existing unit x6 = $30K TOTAL Spend was $100K $4500 for Foundation issues, landscaping, etc 2 gutted units: new electric- 200 amp upgrade Blown insulation for attic ( r38)new sub floorNew insulation throughout New sheet rock ( 5/8 fire wall for exterior living room walls, kitchen and in stair well) New 6 panel doors throughout with all new satin nickel hardware New 6 panel Steel Front and Rear Entry Doors New plumbingNew HVAC system( all electric got rid of gas) New ThermostatNew lights New Hot water heater New kitchen layout ( removed half wall to open up to living room, built alcove for fridge to increase floor plan) New white shaker cabinets with hardware, countertops , fridge, stove, range hoodNew LVP throughout New Carpet in bedroomsNew bathrooms ( vanity, tub, enamel over steel tubs, tiled surround, vent fans, vanity lights, faucets, low flow toilets, shower heads, and actuators) Added 1 new window in each kitchenOther units: ( completed in 409 B and 407 D ) other units will be rehabbed once tenants move out New LVP in LR, BR, Kitchen and hallwayNew Carpet in BedroomsNew six panel doors/ hardwareGlazed existing tub/tileNew shower hardware Low flow water options ( toilets, shower heads, actuators throughout) New water heaters ( 407 D) Replaced AC 409 A ( it was 28 years old) New Fridge 409ANew Fridge 407CNew Stove 407 A Painted stairwells ( versatile grey) had attractive/durable commercial grade carpet installed on stairsInstalled new lights in stair well and motion sensors in 409 Installed Motion Sensor Flood lights on all the cornersInstalled Video Cameras on problem areasHad Duke Energy replace old lights with brighter LED on two poles Installed keypad entrance for both exterior stairwell entrances Cleaned/ repaired other AC units Fixed any issues with plumbing as neededFixed any issues with existing water heaters Installed new black shutters on both building Implemented quarterly Pest Protection Installed raised landscaped beds for 407 ( parking lot facing) Installed new Numbers for both buildingsPainted all exterior doors black installed new hardwarePainted central mailbox black We are still actively repositioning this property and will have another two tenants moving out end of this month ( September) but the property has generated enough profit from the other units at the increased rental rate that the business will be paying for these upcoming turns.