All Forum Posts by: Scott K.
Scott K. has started 25 posts and replied 663 times.
Post: How much dollars per square foot do your units rent for?
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
I have never even given this any thought to sq ft.
Post: Need an electrician in Commerce Township Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Electrix llc
586-929-0855
They did great wrok for me
Post: Need an electrician in Commerce Township Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
when I get home I will send you a guys info
Did good work on my Roseville property
Post: Before and after of my Roseville rental. Outside of Detroit Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Originally posted by @Michael Wentzel:
@Scott K. Well done. Looks better than most of my rehabs. I left a bit of money in my first couple rehabs, but I learned a ton. In the end, I had a couple cash-flowing properties. So it is a probably a better education than paying for a $10,000 course from a guru.
Have you considered refinancing to get some or all of your cash back out of it? Any idea what number the appraisal would come in at?
Mike
Yes I do plan on taking out 70% and getting 2 more rehabs for rent. I have the cash to pay for the rahb on about 2 more properties. I would like to get 4-5 more this year
It looks like I could get about 68k right now. But I think this is a nice property to have for the long haul. At one time this property sold for 108k HAHAHAHAHAH that is nuts
Post: Before and after of my Roseville rental. Outside of Detroit Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
great colors on the house. We are working on a project that requires exterior painting and I am leaning towards gray and white. Can you share the paint spec?
Home Depot Behr exterior satin smokey charcoal - base 9400 this is the
bar code - 270714311432
the maroon color I can get that later.
The white is just Olympic exterior white from Lowes.
The wife picks out all the colors. Do not ever let the color blind guy pick out colors. LOL
Post: I bought a house for $1,000 and made 1,100% return in 3 weeks.
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Originally posted by @Mike Hicks:
That's awesome, great example for those saying they don't have money to get into real estate that driving for dollars actually works
that's not true. He needed money to make this deal work. He spent about 2k to get this deal.
Post: Before and after of my Roseville rental. Outside of Detroit Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Originally posted by @Jewel Adgerson:
Your property looks great!
Thanks. My goal is to make my rental standout just 10% better. I met the couple that is moving in when they looked at the house. I was clearing the snow and was inside.
They said they looked at 5 that ay in the area and mine was better then what they saw. I will strive to just do a little extra. My only regret was not replacing the bathtub but the price was a little steep. And I had to cut somewhere.
I never want to be called a slumlord
Post: Before and after of my Roseville rental. Outside of Detroit Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Originally posted by @Mark F.:
@Scott K. Did you do the work yourself or are your prices including labor for a contractor? I might be doing siding (only on the front of the building) in the near future and was curious about cost.
I did most of the inside work.
Funny story about the siding. I knew I was in the weeds and made a few calls. So this guy shows up in a big old white caddy. He gets out and the 1st thing he says to me is "Oh WTH please stop. Even if you don't hire me you need to stop. You are doing it wrong."
LOL I hired him on the spot and he showed up a couple days later with his helper and made it look like it does.
I would think this look would not look right for Cali. I paid my guys 400 for 8hr days. They knocked it out in 3 days.
Post: Before and after of my Roseville rental. Outside of Detroit Michigan
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
update. A nice young couple with a 10lb dog will be moving in a week from Friday.
795 a month. less taxes and insurance (175)
less 8% PM
545 put 245 into the next roof or other minor repairs
300 cashflow
Post: Moved from Perth AUS to Detroit USA
- Real Estate Investor
- Madison Heights, MI
- Posts 693
- Votes 216
Frank is awesome. Anyone in the Detroit that wants to meet someone serious about investing in this area should get in contact with him.
I gave him a little tour the other day. Showed him some good and some bad