Real Estate Investor · Finleyville, PA · Member since 2014 · 20 posts · 2 votes
Hey all I am finally following what I love doing and it is wonderful! Being 24 yrs old and having a decent job etc most people thought I was crazy for taking this project on. I will be updating this post as I go until the home is listed. This is also my primary residence till its sold, then I will move on.
Here it goes:
Numbers:
Listing Price: $145k
Purchase Price: $113.5k (w/$3.5k CC)
Projected Renovation Costs: $20-25k
Projected Sales Price: $185-190k
Projected Profit: $35-42k
Before Shots: (Of what I have changed in the past two months)
Rental Property Investor · Santa Clarita, CA · Member since 2014 · 29 posts · 13 votes
12y
The kitchen is gorgeous!
Working on my 2nd rental and it takes me a while to pick out exterior house colors too. I always look at the side neighbors houses to make sure I don't go in their color scheme.
My 2nd rental (bungalow style too) I choose these colors:
Sherwin Williams Dovetail Gray for body
Sherwin Williams Silvermist for upper portion of house, and front door
Sherwin Williams Peppercorn for the cement lower portion of foundation
Real Estate Investor · Finleyville, PA · Member since 2014 · 20 posts · 2 votes
11y
Update:
So, its been a slow progress on the house. Between work and waiting on the bank. I was able to pull $25k of equity from the home to pay off my expenses, Lowes/HD, so far and install the A/C and remaining new windows. So right now I am on track to spend $21k for the total house renovation, a few thousand more but still I am happy with my original 18-20k estimate.
Since my last update I have completed my second floor, including the hallway reconfiguration and bathroom. This allowed to "house hack" and get a roommate till July.