Removing Smoke Smell?
This house will be painted and recarpeted and tiled. Do I need to do anything else to remove the smell of smoke in the property.?
TY
This house will be painted and recarpeted and tiled. Do I need to do anything else to remove the smell of smoke in the property.?
TY
I put some open baking powder in a couple rooms one time and then sealed the room off for a day or two and then opened it back up. That worked pretty well, but I am sure there are better ways. We repainted and recarpeted just like you are.
try an ozone generator.. You can rent them for about $60/day or buy one for about $600... Nothing works better or faster.. I use them all the time
flash2000,
i used ozone air machine. I had a home that a renter left his dog in . You know what that smells like,it was rotted and www.all.lol, i used 1 from friend it was a commercial one . Left it in home for 2 days. Well i ended up buying 1. Very good in vestment. They take out cigeret smoke, dog smell even i heard they use in homes were the found dead people that been in there a while. Local car dealers us them in cars to get the cigaret smell out. M y .02
1.00 to 1.50 sq ft down here ,and you get what you pay for
But why would an investor or handyman invest there time or money for an upside down property?
Can you do a short sale?
Just an idea, maybe make it livable and do a FSBO. You would get more income on it and the people will probably default and it will be yours again. My sister purchased from an FSBO and had 4 buyers before her screw up and default. Plus it would be fairly simple with the contracts.
If you can not afford to fix it up, maybe sell with cash back to the buyer for repairs? This way maybe you could have less out of pocket.
question- where is your insurance in this equation?
best of luck[ Edited by kiyuki on Date 05/19/2005 ]
Here in MO I had a business policy on my rental. It covers anything short of out right destruction of property. A lot of people just put homeowners on their rentals because it is slight cheaper. I had a condo and it was required to go business. Insurance companies look after themselves, have you floated this by a lawyer? I mean your furnace could have broken on the coldest night of the year and it took 2 days to get a repair guy out. Things happen. Also have you tried local trade schools. Sometimes they look for project for students to work on.
You need to determine the ARV. Most HML will lend up to 70% of this. So if you are under that, the difference can be used for rehab. For example, the ARV is 100K, your contract price is 65K, so this leaves you with 5K to work towards your rehab. Exceptions apply, so you may want to check w. different HML:s for best program. You can also tab into family members who have some $ and ask for a loan, if the deal is good. Offer a good return, say 10%, which is better than what they get from the bank. Be sure to pay back at closing, befoer you enjoy your profit.
Here is what I am doing a lot of lately. I offer 10-15K non refundable earnest money with the balance due in 120 days. I have bought this way with the seller paying the utilities etc. for 120 days. I use investor money when feasable and pay 15% interest. You must rehab quickly! in less than 30 days so that you can begin marketing and hopefully sell on a double close before the note comes due,... regardless this keeps my holding costs very low and limits my out of pocket expenses. My personal 200K goes a lot farther and I can use the 400-500K that investors put with me on other projects..
[addsig]
Stockpro99 - would you please explain what it means to "sell on a double close"?
Thanks
Okay if you have great credit apply for various VISA cards...
Also negotiate with your subs that you will pay them more for terms...
stockpro99, how do you manage to complete the rehab in a month and sell the property in 120 days ?
I tried it and could not do it, especially in case of owner occupied property. They woluld take atleast 45 days for the day the contract is signed . Do you keep a stock of investors ready to buy the property ? in that case do you disount it from retail price ?
I will appreciate if you could enlighten me. Thanks in advance.
Many people get their cabinets from one of the super stores..........however unless you are going to hang them yourself, I would contact a cabinet maker and find out
if they carry a lower end cabinet they can install.
Unless its just a couple of cabinets.....my cabinet maker has been able to do a set of custom make cabinets cheaper then I can hassle with buying and installing myself.
I get my windows through my siding contractor.......Low E, Argon / Krypton filled, double hung, for 250 installed and wrapped.
As I have said many times before.......its a matter of establishing a relationship with those you use........if you are going to play the nickel and dime game then you will constantly be chasing the dollar.
NC_Yank
[ Edited by NC_Yank on Date 05/18/2005 ]
i definitely do not want to install them myself. i know for a fact that my contractor is buying them from home depot or lowes and installing them. i am trying to buy them direct and in bulk to save in material costs, to dictate the quality/consistency of my end product, and to minimize time delays from having to special order products.