All Forum Posts by: Demario Scott

@Aiasia Powell hello, I have been study RE for some time now however not so much wholesaling. I just acquired my first SF to house hack and now I want to raise more capital for a multi family to do another house hack. How has your experience been and how long did it take you to get your feet off the ground from research to application.

awesome thank you for that I am going to look into the specific renovations your mentioning. And ideally yes I only do renovations that improve my ARV. I looked at some used appliances that are nice and about half the price what are your thoughts on that.

Hello,

This is the kitchen for the property that I just  bought as my first house hack. I am wanting to renovate the kitchen by my estimates I could do it from about 4K- 10k. I haven’t found any comps to see the comparable added value After renovation. Any suggestion, what would you do? 

@David Lecko awesome, I just purchased my first home that I intend to use as my house hack. I have one room occupied working on getting the others occupied. I also want to renovate the kitchen. Did you buy chance renovate anything and also how did you find roommates. And I am taking a note to get a lease and the points you hit on.

@Mike Sedlacek Sweet I will look into these ways to get some newer appliances. If I could my renovations done under 5kmik happy

@Corby Goade The hope I purchased is in the middle range a common sort of home in the Charleston area. The kitchen works just fine it could be my lack of knowledge but I figure me adding updated appliances and a more modern look would allow for more property value and appeal to renters and buyers. I am trying to look at comparable properties to see if the updated would add value I was given that advice by other BP members.

@Jennifer Rysdam itsal comfortable enough and functional enough I just below that adding a little love and money into it that I would have a phenomenal property.

@Tyler Sawyer Thank you, I am super pumped to have the property under my belt. I also agree that BP has a great community I hope to get clarity on the topic. I am thinking to do the Reno as Voss effective as possible with a good bit of research. And I’ll be in it for about a year and a half so I should be able to maintain it pretty well. But I will continue to tale in suggestions and try to make the most educated decision and also I plan to put up the photos to explain better.

@Brandon Sturgill What a phenomenal suggestion. I didn’t consider looking at the comps to see what sorts of renovations to do and expected returns I am looking to do some renovations on my first purchase and I’m going to start the research now thank you.

Hello,

I just purchased my first home, single family with intent to house hack. The house is in really good shape however I would like to renovate the bathrooms and kitchens. I am not sure when I should renovate, and also if I should renovate.

The kitchen is functional and all appliances work however they are a bit outdated and aren’t very appealing. I would like to update the kitchen cosmetically new appliances and I would like to change the color to more open colors and also remove an the island to create a more open home. The bathrooms wont need much maybe just new vanity’s and flooring.

I am using the property as a house hack and I want to keep it all profitable while still creatin a home that pleases me and future renters. The home now is fine again it would be to hopefully add value and appeal.

So when do I renovate, do I renovate now while ill occupy the home or before I move out. I figure do it now while I just moved in to enjoy it but I’m not sure what do you think?