All Forum Posts by: Thomas Cantley

Thanks for the replies!

Hello, I recently purchased my first duplex, which is a fixer-upper, and I am currently the process of making repairs and renovations.  Investment strategy is to maximize rental value and hold long term.  My budget is limited, so having already addressed what I think would be considered necessary for this property, I am trying to determine how best to allocate remainder of my funds, both to attract a higher income renter now, and keeping in mind long term maintenance costs.

I think I can afford one or two of the following three options, but not all of them:

-Kitchen countertops terrible and need upgrading.  Quartz or laminate?

-Bathroom tile wall is bad outdated color, and not good condition, with a few tiles starting to come loose.  Re-tile bathroom wall, or paint over it and regrout? (Note this would not encompass shower walls, as shower is a prefabricated enclosure, which we already refinished)

-Property cooling is by swamp cooler.  Upgrade to central air, or keep the swamp cooler? (Note the furnace is central heating so no new ductwork should be required).

What do you think renters would most notice and value?

Thanks everyone for the responses

I'm burnt out on my job and want something flexible / where I can be remote, and been thinking about wholesaling for a year or so now.  I know that technically speaking you don't need much capital to start wholesaling - but how much capital is recommended if you want to start with software / automation services and marketing of reasonable quality?  And if two hardworking, relatively savvy people go all in on the venture, how long to modest profitability, like say 10k / month? 

I'm an attorney and have familiarity with real estate law, contracts, negotiation, and practice has included construction defect litigation.  So, coming from a place with relevant knowledge and skills, and no stranger to hard work - but zero network in the real estate industry, would be building from the ground up with my wife.  Thinking of focusing on 2 markets we know, Denver metro and Vegas.