Updated over 5 years ago on . Most recent reply
Long term property questions.
I have been doing this for almost 5 years now and put offer on my 15th home tonight. My question is to the people who have been doing this for a longer time. How often do you plan on rehabbing a home. 10 years,20 years?. I know the tenants have a lot to do with it but I'm asking more average wear and tear. I usually buy the ugly houses and redo them. When I rehab I usually leave drywall and start from there.( Bathrooms, kitchen's, floors, trim, appliances, furnace, etc.)I think I have only got 3 or 4 that where turn key. Other than painting and maintenance I'm wondering about the major things like kitchen's, baths, flooring, etc. I fully understand every home is going to be different depending on who is in there. Just trying to get idea about a long term plan. Trying to decide if I hold properties or sell after a certain period goes by. This will be my 16th purchase but have never sold anything to date.