All Forum Posts by: Nick Jordan

Congrats on your investment, Charles! Anything is possible with enough preparation and youtube. Without any experience, take one small project at a time. The toughest part of your project will be the tiling and any electric/plumbing issues you come across. If you're worried about having it perfect, it may be best to find a tile person or contractor. You can very well complete the whole bathroom for around $1500-2K if you do most yourself. Good luck!!

@Jeff Brower Great story my man! Would you be able to share the content of your letters for those interested in taking the same route? Looking forward to reading your next deal recap.

Hey @Stephen G. Wolff, I'm inquiring for a SFH for cleaning and maintenance. I appreciate your response. I've actually scheduled service with Zerorez -- a colleague recommendation.

Thanks!

Hey All!

I'm looking for any recommendations on solid Furnace/Duct companies in the NW Metro? Obviously I've got a short list from Google, but wondering if anyone has suggestions for standard cleanings and tune-ups?

Thanks!

Count me in, David. Utepils brewery has a great space if you're thinking something more social/laid back.

Count me in, Matt!

Thanks @Tim Swierczek, I appreciate your expertise. Any other caveats for a newbie with value-add aspirations?

@Tim Swierczek Thanks for the response. 

The properties I'm looking at are 2-4 units and have seen better days. My biggest concern is budgeting the projects that will optimize the appraised value for when I want to pull equity for my next project. Your suggestion of comps and location are helpful--a few of the deals don't seem so glorious (Shocker!).

Hi all!

I have been playing with the numbers of a few rehab MFRs in the St. Paul area and am wondering what factors some of you prefer when estimating the ARV ($/sq.ft., comps, rent ratios, location, etc.). There's a plethora of factors to consider and I definitely don't want to over-estimate. I'd love to hear some suggestions (outside of consulting my agent) on how to improve the precision of my analyses.

There's a few properties that I believe have solid value-add potential both in the condition of the properties as well as their pro forma rents. I hope to get into one of the properties via FHA and use the majority of my capital and make improvements. In a perfect world I'll earn a significant return on the forced appreciation, allowing me to cash-out refi/HELOC in 12 months.

Any thoughts, resources, or suggestions would be much appreciated!

@joe Schaak I've found that to be a common trend on the forums these days. What resources do you typically use to find your GC's?