Jeff Parkan
FHA 203k loan home condition
Hey everyone, I have a few quick questions.What is considered to be appropriate renovations for a FHA 203k? Could it be used to just update a old retro home that hasn't been touched since the 60's or is it for legit r...
Klint Ruud
GC QUOTES VS ACTUAL REHAB COSTS
Okay guys! So I've been crunching some numbers on a deal and I have my formulas that I go by with rehab costs but as of late I have been getting some crazy quotes from general contractors. This is a deal in Nashville:...
Matt Hein
'Simply Start' goal accomplished!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $111,000
Cash invested: $35,000
First property. Goal is to simply start.
A great opportunity to move from theory t...
Stu Bennett
Selling my first flip but it’s got foundation issues
I have a home built in 1947 on a dirt crawl space with very little clearance. Original part of house was a cottage with two additions built on each side but clearly has settled and original floors are not level. I was...
Ana Garcia
Work on major renovations & bring in new tenants
Hi Everyone!We are analyzing a multi of 13 units which needs a LOT of repairs. Pretty much everything on the inside (walls, floors, ceilings, appliances, etc.) and of course, the tenants, need to be replaced. We have ...
Madylen Barberan
Financing - How do you get financing for Renovations?
I am just a couple weeks into my REI journey and I am learning a lot! I am a bit confused on when it comes to the financing on BRRRR or fix and flips. How does one get the financing for the renovation costs? Is that f...
Ben C.
Wood frame question
Hello,
I have a newbie question...
So we completely tore off the roof and the second floor and sub floor (exposed 1st floor frame and basement is all that's left)....
Existing ceiling height is 8 feet. Could 2 foot...
Ajay Keluskar
Went to see a property for my first deal. Very Sad
Hello all,I'm just getting into the real estate game and would like to follow the BRRR philosophy. Went to go see an under market property today and became very disappointed. Let me tell you the story. Saw the mfh pro...
Kerry Arm
Contractor Disturb Asbestos instead of encapsulating
Hello everyone and thanks in advance to all that take the time to respond to this post.
I bought a 2 unit house and took out a 203k loan to do a full rehab, home was built in 1917. The bank requirements stated that...
Lance A White
Northridge full renovation
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $71,400
Cash invested: $75,058
Sale price: $225,000
WOWZA!Remarkably remodeled & totally move-in ready!Nest...