All Forum Posts by: Ray Martzloff

Derek,

Thank you for your reply. We have budgeted for all areas on what the contractors' estimate was but you are 100 % right about he electrical and other things. I would like to get your friends contact information about the inspection .

Thanks Ray

I am looking to find a Home Inspector for a property I intend to rehab . The cost of the property is 120,000 and its going to be a total rehab, but am debating whether or not to get the Home Inspection done . The owner is insisting no Home Inspection Contingencies .Our Contractors have come through and everything looks pretty good, however the Roof hasn't been checked and other things could be wrong. Is it smart to pay the 500 dollars to be safe or is it a waste of money if the project is going to be a gut renovation anyway?

I would love to hear some opinions and some past experiences of things going very wrong.

Thank You ,

Ray

I am scheduled to get a home in Historic Anacostia under contract on Wednesday that has excellent rehab potential.

It's a detached 4 bed/2bath, 1760 sq ft on a 4,290 sq ft lot (double lot). Lot could be subdivided and second home could be built. Corner Lot Home.

ARV on the existing house is $340,000.

My asking price is $150,000. My contractor estimates that the home needs about $75,000 in work.

With the potential to subdivide the lot and build a second house, there is a lot of value in this deal.

I would like to assign my contract to a more experienced developer so if you do rehabs in this neighborhood, please contact me so we can schedule a viewing.

Thank you,
Ray

571-277-7296

I just recently purchased a home for 150,000 and needed some feedback on what type of flooring to get for the main level . The house is going to be flipped and I want to save a little cash on the flooring if it doesn't make the house look bad. Between the family room the hallway and the 3 bedrooms the total sq footage is about 850 sq feet. I was going to go with Hardwood but its a little pricey. Can I get away with installing laminate floors to save a little on total rehab . The After Repair Value of the Place is 250 K .
Any type of help with what Floor to use or where to get it the cheapest would be of help .

Thanks Ray

This complete job looks amazing from the pictures .

Job well done .

Do you by any chance have as skilled contacts in Virginia or DC.

Thank You

Ray