All Forum Posts by: John Weidner
John Weidner has started 16 posts and replied 691 times.
Post: First flip completed and under contract!!
- Chicago, IL
- Posts 710
- Votes 200
Looks good. Congrats on the contract
Post: Anyone else excited about the Grand Rapids market like I am?
- Chicago, IL
- Posts 710
- Votes 200
2 millions residents in Grand Rapids? Never realized it was so big. Been through several times on my way to Cadillac snowmobiling figured it was a few hundred thousand
So what's driving the growth? I get Detroit because Automotive industry
Also what classifies a D property in Grand Rapids? Just turn over and price?
Post: 900k decision on new construction, need your feedback please
- Chicago, IL
- Posts 710
- Votes 200
That's quick on permits - much better than Chicago
I'd go #7, 5, 4 in order of preference
Other option can you stick a 2 car garage at the back of the lot and use the setbacks as a driveway?
Post: Completely gutted house and estimating rehab costs
- Chicago, IL
- Posts 710
- Votes 200
Originally posted by @Jassem A.:
No but it is with subbing out the work to a highly skilled individual who will work by the hour and then going very cheap on materials and not spending a lot of time on finish work.
I'm assuming it means the property will need all new electrical, plumbing, drywall/paint, flooring, toilets/sinks/tub, cabinets and appliances (in that order) and not much else.
You could certainly pay more than 20k for materials if you go high end: stainless appliances, copper pipes, overpriced cabinets with granite counters, etc.
I will typically pick up a fridge and stove for under $100, use cpvc or pex, get 6 feet of stock cabinets and laminate counters and then get laminate floors when they go in sale for 0.29/sqft. Most of the time I'll just try to work with what is there and it will be way under 20k per property because most of the time the electrical and walls are in fairly good shape and sometimes the plumbing.
So in this case you'd be at $22/SQ Finished
Can you put your highly Skilled Individual on a plane and send him up by me to Chicago?
Post: Our first "Pop Top"
- Chicago, IL
- Posts 710
- Votes 200
Looks good. I like the lines on house. Interested to see the progress
Post: Diary of a Flip: Single Family Colonial in Plainville, CT
- Chicago, IL
- Posts 710
- Votes 200
One other thing - I see you have Radiators. Is there central A/C in the house?
Post: Diary of a Flip: Single Family Colonial in Plainville, CT
- Chicago, IL
- Posts 710
- Votes 200
I like your plan moving from the 4/1 to the 3/2 that 2nd bath is going to be huge when you market the property.
On the 2nd bath addition did you tie into the existing stack or did you have to run a new stack from the basement and reconnect the existing bath to the stack?
Nice you guys can run Pex. We are all copper in Chicago.
Post: 900k decision on new construction, need your feedback please
- Chicago, IL
- Posts 710
- Votes 200
Strange statement from your Architect. He'd rather have less curb appeal and a 3 car garage than good curb appeal and a 2 car garage?? I'd say the opposite.
The garage depends on your lot size. Can't really form an opinion without some site information.
The biggest question I have is you said you are starting this project in 2 weeks but you don't have plans yet. How long do permits take in Minneapolis?
Post: Diary of a Flip: Single Family Colonial in Plainville, CT
- Chicago, IL
- Posts 710
- Votes 200
Looks good.
Post: Completely gutted house and estimating rehab costs
- Chicago, IL
- Posts 710
- Votes 200
Originally posted by @Jonathan McClintock:
@Manolo D.yes down to the studs and exposed trusses. I wonder how the difference in price between LA and STL though. If 90-100sqft (living space) and 60-70 (non-living) then that puts the rehab of 900sqft house at around 70-80k. I guess that might not be too far off. Looks like a job for a small contractor operation who does most of the work themselves.
The per sq is so variable as it really depends on economies of scale and the higher for sq footage the lower the cost per sq. So for a 900 sq ft house the $90-100 range should be accurate. I think for what you need to replace the $70-80K budget seems more in-line.