I am looking to purchase a fixer-upper to flip. It has a small roof leak that has been temporarily patched, but caused some drywall damage in the kitchen. I don't want to use hard money if I don't have to.Will this ho...
Hi all,The details of the deal:Southeastern Wisconsin--duplex$70,000 Asking price(sounds likely to get for less, but I'm working off 70k) 20% down.$29,000 rehab+closing2 car garage + 2 slab parking spots$1600/month re...
This is all VERY New to me so I want to post the deal being offered and ask you seasoned rehabbers if it is a good deal.Also how to define some of the items in the deal because the more I have to ask the lenders, the ...
Hello All,
I manage my property from out of state. I am trying to get the property inspected, just routine inspection and also trying to replace the stove. I am trying to achieve all these while I am out of state. I...
Bouncing off of my last post, there is also the hard money route. How do we go about inquiring hard money lenders? Also, if once we obtain a HML, how do we present a proper rehab estimate to work into the loan? Is t...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
2/2 across from canal in desirable neighborhood - Bought from health failing elderly neighbor
What mad...
Hello all,I was wondering if anyone is aware of any software or apps they use to calculate rehab cost or draw up a detailed scope of work that they recommend?I did some research but didn't find anything.Thanks,Sharad
My tenants damaged the following:
1. Broken bathroom sink with 4" hole in it. The sink was cemented to the marble countertop so the repair isn't easy. Repair cost was 1200. Replacement cost 1000. I replaced it.
...
I've read conflicting ways of how to calculate pricing.
Do you start with the ARV or "as-is" value?
For example:
200,000 ARV
20,000 in repairs
180,000 "as-is" value
I want to offer $0.65 on the dollar
1)
200,000 - 2...
I'm in the middle of buying a home in Carson California but I can't find contractors to come in price out the repairs I'm wondering if it's worth it.I'm getting the house for $500,000 if it was completely fixed up it ...