I've done a few fix and flips in the Dallas Ft. Worth Metro area, and I know that a general rule of thumb for buying properties is 70% of ARV minus repairs. The houses I flipped had an ARV of 100,000 each, so I bought...
Hey guys, I have a flip with popcorn ceiling in every room but the kitchen. The house was built in 1977. It’s not a high end flip. ARV is 130k should I go through the expense of having it removed and refinished or lea...
I ran across a product at Lowe's today. It is called Modern Masters Countertop Transformations. It is essentially a way to paint/epoxy old laminate countertops to give a "granite" look. It costs $250 to cover 50sf ...
I'm leaning towards using the Hampton Bay off the shelf cabinets (White) that Home Depot sells. I am well aware, that they are of much cheaper quality than other options. But, thats the whole point, its for a rental...
If you are like me, I am always looking for a discount or a deal when it comes to buying things for our flips. I just got the email from Discover Card asking me to "Activate 5% Cashback Bonus Now". The bonus from Ju...
Hey guys!
We "inherited" old washer and dryer when purchased a 4-plex not long ago. Washer's fine, but dryer takes 2 cycles to dry the clothes, and one tenant is complaining.
Should we replace the dryer, and if yes, w...
I have a broken boiler/hot water system, and unfortunately the needed parts are nowhere to be found. I bought the parts and did (extremely expensive) rush shipping to get the parts here ASAP. From time of tenant repor...
Smaller project with nothing fancy. Nevertheless, great numbers! Most people walked away from this as it was listed as a 2 bed.Crestwood ILPurchase: $70,101Reno: $30,400Sold: $147k (Under Contract)
Hi Everyone,
I have a signed purchase agreement on rental house #4 and had the home inspection today. One thing that is needed is about a 40' x 20' section of the concrete driveway needs to be replaced. I...
Hi Everyone!A bit about me - I recently purchased my first home in June, and am now currently house hacking that property. This, along with my sister's background in real estate with 9~ units, got me excited to start ...