Adam Rothweiler
Practicing Analysis on 4-Family Foreclosure, Beast or Bust?
21 March 2018 | 21 replies
We've repaired our second floor wax ring, flange, toilet bowl gasket, ceiling repair after the roofing company patched our leak (which occurred 2 months after it was put on) but refused to show up to repair our interior damage, paint everywhere, and we still need to refinish floors and a whole lot more.As far as beginner territory... well I can't really say it's not since this is my first, but I'd assume as a native and someone that will do the due diligence you understand what it means to be in the city.
Mason Wade Morris
Did I lose out on a deal?
31 August 2017 | 12 replies
The house went under contract pretty quick after they turned down my offer.https://www.redfin.com/OK/Midwest-City/4416-Bonapa...Below are the numbers:Purchase price: $53k(20% down $10,600)Rent: $825(may have been able to get $850, wanted to be conservative)Taxes: $55Insurance: $65Closing Cost: $3500Vacancies: 5%($42)Repairs: 10%($83)CapX: 10%($83)Property Mgmt: 10%($83)Mortgage(4.75%): $222Cash Flow: $195So at this point I am happy with the cash flow number and really even paying $55k-$57k the cash flow looks good.Here is the part that I am having a hard time with, ROI.I Estimated that the repairs would be $5k-$10k before getting it rented.Flooring: $2500Kitchen Cabinets: $2500(prob the worst part of the house)Interior Paint: $400Fridge: $750Dishwasher: $500So at $5k repairs ROI: 12.3% (good); however at $10k repairs RO: 9.7% (bad).
Kevin Enderle
A Nightmare on Drywall Street. A Tale of Woe and Stress.
5 September 2017 | 7 replies
I go and pick out paint.
James Syed
Lender - Mold
6 July 2015 | 7 replies
It was a patch maybe 1.5' X 1' and wiped off the paint/vent with normal cleaning i.e. a wet cloth.
Jennifer Streamer
How far to go with updates on a rental in an A Class area? New sod?
14 July 2015 | 20 replies
The house was in pretty good shape - fresh paint and carpet, new kitchen with granite counter tops, and new windows.
Chris Bell
Rookie, Seeking Guidance!
15 December 2015 | 2 replies
I am putting the icing on the cake over the winter months with hardwoods, paint, bathroom updates ect.
Joe Ebanks
Estimating ARV
28 December 2015 | 5 replies
It was painted over with something to hold the water in (maybe making it worse?)
Mark Luchsinger
Salt Lake City - The Next Austin?
6 January 2016 | 10 replies
Hi Wiliam,I tend to paint with a broad brush, but.................Look at Lehi.
Al Williamson
Cardboard Asset Challenge
22 December 2014 | 18 replies
I would build them a small cardboard dog/cat house for their animal, paint fluffy on the front, use shredded cardboard to fill for cushion, and a cardboard scratching post.. $7/month in rent.
Rob Randle
Interior Paint Sheen?
16 December 2020 | 17 replies
If I plan to use a flat paint I would still have to use a different paint in the bathrooms with an eg-shell shine.