Nice try nit wit…
You ATTEMPTED to pass yourself off as a PRO REHABBER…This is the same PRO REHABBER who’s ORIGINAL 6 month carrying costs on this project were $2500…So with 11 months and change in on this STILL GUTTED, STILL UNFINISHED project, we can use YOUR NUMBERS and know your holding costs will be well OVER $5000 on this little dump.
As to your pathetic attempt to debate a 10X10.5 kitchen estimate???
That’s a joke…You say you gave me ALL THE SPECS???
REALLY??? Because I didn’t see the most important measurement in any kitchen estimate…The DISTANCE from the corner wall to the CENTER of the window over the kitchen sink and the SIZE (width) of that window!! As any REAL CONTRACTOR knows, this distance tells you what SIZE sink base you need and the SPACE that base will take determines what’s left for other cabs. It also determines the SIZES for the wall cabs NEXT to that window…It also determines what size and type of CORNER Cabinet you’ll be using. The remaining base cabinets are WHAT??? Draw boxes???..slide out trash containers??? So what are we comparing??? It’s a JOKE and a patheric attempt to DIVERT attention from your BLOWN OUT BUDGET!!! ONLY an IDIOT would ask such a question and not give these measurements.
The ONLY ESTIMATE THAT MATTERS HERE IS YOURS!!!
and We ALREADY HAVE THAT…$3500 to $6000 for the Cabs and counter tops!!! Those are YOUR numbers!!! Gee, it looks like YOU may have a MATH Problem!! That $3500 DID NOT include FLOORING or APPLIANCES for this kitchen…
So lets use YOUR NUMBERS and plug them into this project…
$11,600 remaining in your budget MINUS $6000 because you said you’ll now be BUYING those Cabs instead of BUILDING them YOURSELF… plus we’ll add in the APPLIANCES. the counter tops, sink, the FLOORING, Light fixtures, new WINDOW, DRY WALL, prime and PAINT. plus PROPER HINGES, hardware and code compliant electric outlets and swithces!!!
ALL done for $6000!!! YOU ARE SCREWED…This budget is a COMPLETE JOKE!!!
THAT LEAVES YOU…$8100!!!
Now all POSITIVE needs to do with that $8100 is the following…
SIDE the ENTIRE HOUSE!!!
DRY WALL THE rest of the 900 sq ft home!!
Buy & Install FLOORING in every remaining room!!!
He NEVER told us what his costs were to demo TWO chimneys, repair /strip the roof, and then RE-ROOF the entire home???
FINISH PLUMBING
STILL not a CENT mentioned for the INTERIOR DOORS for this 3 bedroom / 2 bathroom, 900 sq ft home that was a total GUT???
FINISH ELECTRIC to include ALL interior lighting fixtures, outlets and switches
Removal and Installation of 14 NEW windows!!!
Interior trim
Prime and Paint
Odds and ends
What this DOPE doesn’t understand about INVESTING could fill this HALF FINISHED House of his…
Case in point…Let’s review that kitchen I posted pics of and REALLY look at the INVESTORS way of dealing with issues VS POSITIVES way!!!
First up…That veneer brick so many people put on their kitchen walls in the 70’s…POSITIVE said that HAD TO COME OUT…It was a DESIGN DISASTER to leave it there…OH REALLY??? Well here’s how an INVESTOR looks at these issues…As an INVESTOR you want to solve a DESIGN problem at the lowset cost possible…This isn’t a STRUCTURAL PROBLEM or a SAFETY ISSUE…It’s astetics…That brick was installed OVER the formica backsplashes that ran all the way up to the bottom of the wall cabinets and installed into METAL edge trim which surrounds any exposed ends. Anyone that has ever ATTEMPTED to remove 30 year old FORMICA from a WALL knows you run the risk of damaging that wall surface…So a DECISION must be made (OBVIOUSLY DECISIONS are NOT Positive’s strength) Do you spend the TIME and money ripping out a completely sound back wall of your kitchen, or do you ask yourself the most important question an INVESTOR can ask???
WILL THAT BRICK BACK SPLASH KEEP THIS HOUSE FROM SELLING???
I decided it would NOT and it was simply PAINTED…BRICK RED…It cost me $10 for the paint and LITERALLY 20 mnutes time…DONE!!!
NOW the POSITIVE way of addressing that would have been to RIP it OUT, possibly damaging the wall (formica adhesive from the 70’s ain’t easy to remove) Then, LIKE HIS ENTIRE PROJECT…a SIMPLE completely acceptable solution like PAINT (at least to EVERYONE HERE) would be turned into a much LONGER (see the PATTERN HERE) repair and at a much higher price…TIME IS MONEY…Apparently that concept is MEANINGLESS to him!!
As INVESTORS we ask ourselves??..Will someone PAY MORE for this home because I spent $$$$$$ and TIME on this BACKSPLASH???
The new OWNERS didn’t HESITATE to buy this home with that old brick sitting right there with new paint on it!!! AS a matter of FACT the people who looked at the home actually liked it…It was a comment the realtor and I heard a few times!!
I WIN that one…Hands down…THE CHECKS IN THE BANK…DONE!!
Next up…His complete DISGUST with a simple valance that connects the two wall cabinets over the sink???
Here’s a CLASSIC example of a guy who will NEVER make money FLIPPING homes…The way that simple valance was originaly built makes REMOVING IT a TIME CONSUMING process…The valance is actually the TOP RAIL of BOTH wall cabinets…In addition, a piece of CROWN MOLDING is applied to it…SO…Removing that 3 foot piece of wood involves cutting it perfectly against the cabinets, thus EXPOSING the end grain because remaining corner of the cab is cut on a 45. And having to remove and replace the crown molding on the entire front of this kitchen and dealing with potential damage to the textured ceiling…I DID think about removing it…It would have looked a bit better with new crown wrapping both boxes…
BUT FOR WHAT??? AS an INVESTOR you ask yourself…Is a FIRST TIME, entry level, home BUYER going to CARE or even NOTICE???
THEY DID’T!!! They, and the INVESTORS here didn’t mind, in fact they LOVED this kitchen…It cost me a FRACTION of what a tear out would have, and it took days to complete!!! Yep the TILE was expensive…That’s what the BUYERS wanted…At a $70K+++++ PROFIT…They could have put GOLD LEAF TILE on that floor for all I cared. You don’t ARGUE these points when someone is putting $70+ in your hand. THE HOUSE SOLD just DAYS after it went on the market…We had a 3 buyers total…The first one wanted the house BEFORE it was even listed…with 2 others buyers, I’m sure the EXACT date of an accepted and signed sales agreement could have been off by a day or two…This come down to getting CALLS from your realtor telling you they have a SIGNED Offer and YOU getting to their office to ACCEPT it…Could a few days pass between??? YES!!..ESPECIALLY if you’re waiting to see OTHER OFFERS!!!..
We all know the REAL STORY HERE…
These TRIVIAL details are thrown out because it’s KILLING Positive that his project has now been PROVEN to be NO WHERE NEAR WHAT HE claimed it was.
As any EXPERIENCED INVESTOR knows the EXACT numbers in ANY investment NEVER come out to $3000 or $4000 or $500 ROUND NUMBERS…The ACTUAL PROCEEDS on the HUD 1 forms and YOUR CHECK are right down to PENNIES…with closing costs, real estate taxes, tax stamps, recording fee’s, title work…ONLY an IDIOT or someone that NEVER DID THIS would question this…I originally posted this as a outline for a quick and easy Kitchen rehab…LOSER, tried to twist it in a LOSING attempt to hide from HIS NUMBERS!!!
SO…Positive is down to $8000 in his budget…He’s STILL not even at the DRYWALL stage…AND…He’s looking down the barrel of the ONE YEAR MARK!!!
And I’m the one that doesn’t know what I’m doing???
I’m closing on a REAL DUMP within the next 2 weeks…I’ll post some pics for you guy’s and run you through everything…I’ll show you how to MAKE MONEY on a property that is 100 years old and STILL doesn’t need ANYWHERE NEAR what the TEAR DOWN Positive blew his money on does…
Stay TUNED POSITIVE…SCHOOL STARTS FOR YOU IN 2 WEEKS!!!
Shut your MOUTH you might LEARN something…God knows you NEED TO!!!
$8000 grand left and HALF FINISHED…
Hey…NEW POSITIVE NIC NAME…HALF FINISHED HALF @SS!!