All Forum Posts by: Timur Salikov

This deal seems kinda thin. Any repairs or maintenance an you will be in the red. 

As far as getting higher rents, the biggest bang for your buck would be:

1. Paint the walls Sherwin-Williams Westhighland White or something similar 

2. Replace light fixtures, switches and outlets with new white ones

3. Get some pro photos, turn on all the lights and open all windows, get maximum amount of light
(Look up "adaptive realty" they are able to get top rents from their units with their style)

4. Change carpet to Luxury Vinyl Plank, I use Lifeproof from HD.

5. If its near a hospital, you can consider med term renal to nurses.  

Cool, let me know if you need any help. I can drive by and walk the property with you or estimate the repairs / rents. 

Are still under contract to buy that property? 

Actually you are right, I did forget lawncare and water I pay for. So if the 4 plex brings in $4660, how much do you set aside for maintenance and vacancy considering its an old building? 

Did you try to analyze it from a “productivity” standpoint? It’s in the YouTube video I posted above. 

Call a few local contractors and ask them.

Ask everyone you know for a good contractor that wont rip you off and can stick to a schedule. Tell them if you buy the martials, how much is labor for each room, like kitchen, bathroom.. 

What about landscaping? Drywall repairs? Looks like a lot of work for a single person. : )

I use the Ikea kitchen planner. When you finish designing, you can use generic cabinets from Home Depot as long as they are the same dimension.