CategoryRenovating

BEST FLOORING & CARPET FOR RENTAL PROPERTY

Two major considerations you’ll face owning rental properties are renovation costs and cash-flow.  The flooring you choose for your rental properties affects both of these. You don’t want to go too cheap on your flooring that it looks unappealing and requires replacing every couple years.  However, on the flip side, you don’t want to opt for flooring that’s too expensive and puts you over...

CONVERTING A GARAGE INTO AN APARTMENT

As a real estate investor, you want to do everything you can to maximize your property’s cash-flow.  Converting a garage into an apartment can be a great way to do that. In this post, I’ll share my story how converting a garage into an apartment nearly doubled by income for one of my properties, and I’ll also share a few tips to keep in mind before starting a project like this. Make sure...

How to start your own construction crew to renovate houses

Real estate investing can take on many different forms, but if your strategy involves renovating houses, then this blog post is for you.   Before we get down to the nitty-gritty of putting together your own construction crew, let me say one thing: if you’re going to renovate houses, make sure you’re close by.   In other words, don’t buy trashy houses out-of-state, and put all your trust in a...

WHAT’S THE BEST FLOORING TO USE FOR A RENTAL OR A FLIPPER HOUSE?

Finding success in real estate investing has a lot to do with striking a good balance between renovating a property well while keeping your costs low.   Flooring is one of those things that prospective tenants or buyers will certainly pay attention to.  I mean how can they not? Flooring is everywhere. Making your flooring pop doesn’t have to cost you a ton of money.  In fact, there are some...

HOW TO TRANSFORM THE KITCHEN IN YOUR FLIPPER OR RENTAL HOUSE FOR UNDER $1500

Regardless if your real estate investing strategy is to renovate houses to flip them or rent them, I assume you want to make money.  In order to do that, you need to be able to add as much value to the property at the lowest possible cost.   The kitchen is a big focal point for buyers and tenants alike, so creating a kitchen that has that “wow” factor will help your property stand out from the...

HOW TO RENOVATE YOUR RENTAL PROPERTY BATHROOM FOR UNDER $500

Have you ever said to yourself, “If I only knew then what I know now.”?  I’ve said that to myself many times as a real estate investor.  Usually it has to do with cost-cutting tips I’ve learned.   In this post, I’m going to explain how to give your rental property bathroom a complete renovation, and give it that “wow” factor, for under $500.  Let’s get started. A little bathroom terminology...

WHY YOU SHOULD NEVER HIRE A CONTRACTOR TO RENOVATE YOUR INVESTMENT PROPERTY

I have nothing against general contractors.  My dad was one, and he was my first (and last) general contractor that I hired when I began investing in real estate.   When I say “hired”, I mean I had him on a full-time salary managing a crew of 14.  This was not a side gig.  It couldn’t be; my business partner and I were buying a property every three weeks.   In my case, I imagined having a general...

6 Ways To Save On Your Home Renovation Costs

Let’s talk about how to cut home renovation costs.  At the time of writing this post, I’ve renovated nearly 40 properties, and I wish I knew at the beginning what I know now in terms of how to cut home renovation costs.   Before I dive into home renovation cost-cutting tips though, there are four areas, IMO, you never want to cut corners with: Roofing, electrical, plumbing, & HVAC...

TO WHAT EXTENT SHOULD YOU RENOVATE AN INVESTMENT PROPERTY?

If you’re anything like me, you’ll find that when you buy an investment property, you want to pour a bunch of love into it, and turn it into something beautiful and fantastic.   I think one of the biggest ways to plunge yourself into financial ruin is to “over-renovate” a property.  So, how much work should you put into an investment property?  Having renovated nearly 40 properties, I’ve found...

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