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I have noticed a few MFU here in Louisville that check some criteria, but are quite old. Some were built in 1900-1920s. I know maintenance is worse in old buildings, but how old is TOO old? What age or year built is t...
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Hi BP Community,I am looking to improve my CapEx estimates for properties I own and/or make offers on. I am based out of Massachusetts for price-point reference.I think of CapEx from the perspective of each property, ...
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Ok, say I have 26k in my 401k and soon I’ll be gettinnlaid off my job this year, should I just take my money out or at least 10k to buy a property to flip and keep flipping til I can rent some houses out should I cons...
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We are in escrow for a 3000sqft property in San Diego. I've gotten estimates all over the place. May duck out of escrow as we have a week left to remove contingencies. What's a realistic 'retail' cost for a gut reh...
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Hello All,I am an investor Based in San Diego. However I am under contract in Phoenix AZ for a 4-plex. 2 of the units need a renovation. They are 900 sq ft, 2 bed 1 bath. The main issues with the units are the kitchen...
Financing Options for a Remodel
The very first step of a remodel is to decide how much money you’re willing and able to invest in it. A good rule of thumb is to spend no more than 10 to 15 percent of your home’s va...
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I am using a realtor for the expertise they bring to the table. Currently shopping for a house that needs a little work (203k). I wanted to put in a lowball offer, but my realtor said it was not a serious offer and I...
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Since I started educating myself on real estate as a way to invest my money, I have had LTR in the back of my mind. Realistically thinking about what is my goal with RE, I have come to the conclusion it isn't to retir...
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Hello BP members,After months of listing to podcasts, reading books on real estate investing, and a little procrastination I am finally taking action on my first step to financial freedom. I currently live in Seattle ...
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Hey BP, My wife and I are getting relocated to DC this summer and the only way we can get everything we want in the city is by performing a "live and flip". We're going to buy a fixer with a 203K construction loan and...