All Forum Posts by: Rob Cee

For those out there that are very familiar with costs and do a lot of rehabs. What should it cost me labor + materials (everything out the door) to:

-New tile for a 289sf kitchen and laundry area?

-New vinyl for a 289sf kitchen and laundry area?

-New laminate floors living room and dining room 537 sf area?

-New carpet/pad floors living room and dining room 537 sf area?

-New carpet/pad hallway and bedrooms 708 sf area?

This is not in a high cost area (Albuquerque NM). Is there a rule of thumb frequent rehabbers use for cost per sf for these types of flooring?

Thanks!

Thanks Ricardo.

I live in Seattle WA and have to fix up my rental in ABQ but not there locally. Looking for some solid flooring contractors that are good but reasonably priced. Thanks!

Thanks Katherine. I did do that research and joined a meetup.com group that is a ABQ investor club. I called and emailed the organizers of those groups and no response yet. It's frustrating doing a rehab long distance when you know if it was local where you live you could do things so much cheaper! Just because you have a good Rolodex full of handymen.

I live in Seattle WA and I own a rental house in ABQ. I'm doing a rehab from long distance (ugh!), looking to network with local landlords that may have good referrals for carpet, laminate, vinyl and tile and to share other info with.

Jon...just ready Jeff's post on buying out of state.... Texas. I can't say I agree with him. I would go Vegas/Phoenix/Orlando before Texas any day. I think BECAUSE the prices have been hit harder in those places makes it a reason to go there. Prices are way below construction costs and those are still cities people will still keep moving to for the foreseeable future. Texas has a terribly high cash flow killing property tax rate and has never had any pop in appreciation and never will. And Texas hasn't been hit as hard in price so your not buying into a distressed market. If I was going to buy out of state, I would rather go to the FORMER bubble markets that have crashed (AZ, FL NV), get in below construction costs, get cash flow with low property taxes (NV/AZ have low property taxes...FL does not), and take a chance that they recover at least back to a little ABOVE construction costs.

Jesse...I would NOT be buying condos in Vegas or Phoenix...ONLY SFR's out of state for sure. The only condos I would buy would be good areas of San Diego.

Hi Rich... Just playing devils advocate for condos for debate. I'm definitely willing to look out of state. I have 1 SFR rental out of state right now. What areas do you recommend? I'm thinking of checking out Phoenix and Vegas because they are pretty close to San Diego & have prices below construction cost. Thanks for your responses:)!

And it isn't simple to just invest in SFR rentals in San Diego as the cheapest houses in the ghetto here are $250k and get $1,650 in rent. Not very good numbers. Where a condo can be had in a better area for $90k and get $1,100 in rent.

Rich...Florida is also ground zero for a massive over supply of condos. San Diego doesn't have near the over supply problem of FL & it's harder to add more supply here. In fact supply is very tight here right now and I'm starting to kick myself for not buying a condo a could of had for $100k last year that is now $130k!