Top 5 Rehab Costs - Detroit Investment Properties

[@williammorse8330]

more than a few points come to mind..... 1. pick a house on a block with at least 50% homeowners 2. try and talk with at least a couple before buying.... they will be your neighbors and hopefully friends 3. visit the block at night and on the weekends 4. picture yourself walking to get bread or whatever 5. keep the house firmly secured while you are away 6.fix the roof first 7. learn the basics of the trades.... have a water, gas and electric meter/panel installed by a pro, then you rough in and install the branches. 8. buy stuff used when possible 9. if you are to live in the house that is better...... renting puts you on the radar in many ways .... 10. be your own best boss, not a tyrant you are on an adventure.... good luck from someone who has been there

[@QuickPropertySolutions]

Thank you my friend! I hope to document as much as I can for everyone

[@unknownuser-po9pl]

where's the best place to buy used from in your experience?

[@williammorse8330]

@@unknownuser-po9pl buy power tools new... get the best and protect it.... the tool will be one of your best friends for years//// many nails and screws today are crap made in China... try to get "new old stock" at estate sales where the owner had a workshop//// go to a sawmill for your wood (minus plywood)... this cuts out the middle man//// try and patronize the local hardware store when practical, otherwise big box stores will become our only option///// get a Toyota Tacoma as your work pickup... will do the job and they are cheaper and reliable.... I could go on if you need more ideas....

[@unknownuser-po9pl]

@@williammorse8330 These are great and I agree with what you're saying! I will come back for more when I need some ideas! Thank you William. Hoping my offer is accepted and I can start.

[@williammorse8330]

@@unknownuser-po9pl Tim, in what city or town is this house? just curious...

[@DIYKRISSY]

Just started really rehabbing my land bank house . Thank you for posting this .

[@QuickPropertySolutions]

@Do It Yourself Krissy - That's great! How's it going?

[@masonldn8647]

This is what I would do if i had money, gather my friends, family, their families, I buy the houses myself(let's say 20 houses), we all work on 5 or so houses at once as a collective until they are all done. Buy materials in bulk for discounts etc. well, its just a dream

[@QuickPropertySolutions]

Trying that now. It's tough to do that many at once. I'd start on one IMO.

[@masonldn8647]

@@QuickPropertySolutions indeed ,agreed . One for starts so you can learn from your mistakes

[@andrelewis774]

Good luck trying to get people, especially family and friends to invest in your dreams!😒

[@learner-long-life]

Mason LDN batching up the houses seems like winning, if you find a good licensed contractor and can bargain the price down. I’m working on one house right now, learning from so many mistakes 😂 I think you and your family and friends can each qualify for a mortgage like NACA, buy your houses cheap like you said, then hire a crew to do all the houses assembly line fashion.

[@sandraschultz3104]

I’ve thought the same thing. It’s doable. You have to have the vision. I have to say the gay community is light years ahead on this. They come in and friends all buy streets of houses and revitalize whole areas that were run down and create thriving communities. Fort Lauderdale is a good example of this.

[@rosiemarie4085]

Thank you so much for quoting numbers. I know its been three years but still it's a book mark of what we need to budget.

[@QuickPropertySolutions]

You're welcome. The numbers have gone up greatly though because of material costs.

[@7saintaubin]

Just subscribed ! I’m new to Detroit and also trying to get into the rehab game . Keep the content coming

[@QuickPropertySolutions]

Thank you @7 SaintAubin! I’m still learning how to rehab myself.

[@spacecadetplayer1]

Great Video I just got my first rental in Detroit and this video was very helpful. The video taught me new things and reinforced some of the information I already knew. Lit

[@QuickPropertySolutions]

@Space Cadet - congrats! What zip code did you buy in?

[@VegasVixen]

I’m really enjoying your channel . Thanks for sharing .

[@QuickPropertySolutions]

Thanks for watching Vegas Vixen :)

[@itsraheem]

This is amazing content, I just bought my first property in Chicago and I’m trying to buy in Detroit next I will reach out in due time.

[@QuickPropertySolutions]

Amazing and thank you for watching!! When you’re ready to jump to detroit let me know.

[@ElizabethGalarza1]

Great video, even though it's from 4y ago, still very useful information. You'd come a long way, almost 3000 subscribers. You have a new subscriber

[@QuickPropertySolutions]

Thank you so much!! Small channel but I hope I provided some good content.

[@sarairivera2994]

You are the BESt! It’s just a matter of time your Chanel will take off ! Keep up the good work !

[@QuickPropertySolutions]

Thank you so much!!!

[@kirbyrabb5781]

Really great advice.

[@QuickPropertySolutions]

Thank you for watching

[@mommieliz7829]

Love the video. I appreciate the tips.

[@QuickPropertySolutions]

Sorry for the late reply and thank you so much!

[@tommyquach]

Great video man! Learn a few things. Some questions; 1) for the windows cost you said about $300 each, is that including labor? 2) how much is average cost to do new electrical for a house? 3) how much to redo drywall for the walls of the house? Appreciate your hustle and grind!

[@QuickPropertySolutions]

I base everything off of my contractor. I think he has a deal on Windows? Size of window also makes a difference. I also include labor and materials when I mention price. Mostly because I’ll never do it myself to save on labor costs.

[@QuickPropertySolutions]

Electrical and drywall depends on size of house. I’d get a quote with a GC. If you want to use mine hit me up.

[@recordsgeek]

Knob and tube is not compliant and must be removed. Also watch for aluminum wiring and wiring that was wrapped in asbestos.

[@QuickPropertySolutions]

Good advice.

[@Mindsetolympics]

Hey you're almost @ 1k!!! It's Christmas, so not bad!!

[@QuickPropertySolutions]

Almost hit my goal!!

[@TheSuperZufan]

Thank you! This was very helpful.

[@QuickPropertySolutions]

Glad to be of service! If you need anything else let me know.

[@Eman72Puritan]

Dog ass video love the work and knowledge. Hitting that subscribed button asap

[@QuickPropertySolutions]

Thank you Emmanuel! Sorry for the late reply

[@ceeceebess6720]

Beautiful home

[@QuickPropertySolutions]

It really is! or will be lol.

[@sweethealer66]

Thank you for your wisdom it really helps

[@QuickPropertySolutions]

Glad it helps!

[@TropicTrdr]

Just found your channel. Nicely done. Curious about a Land Bank house but open minded. Thinking about spending the summers in Detroit.

[@QuickPropertySolutions]

I don’t buy from land bank. I know some that have and they do ok. I get enough seller leads.

[@MaleBlackExpat]

Great explanation

[@QuickPropertySolutions]

Thank you for watching :)

[@khalilibrahim9315]

Non-forced air furnace: he's referring to what is called a gravity feed furnace - cold air falls through the cold air returns to the basement and hot air, heated by the furnace rises naturally. They work fine but are very inefficient compared to today's high efficiency models.

[@joyallen2415]

Could you give us an update, some pictures and final rehab numbers? Is it rented out now? If so how much? thanks! Joy

[@QuickPropertySolutions]

Still being worked on. I’ll keep you posted n

[@Chicago48]

@@QuickPropertySolutions What are the possibilities of getting "good" paying renters in the house? (non-subsidized)

[@Catfishsamich]

How is the property coming along that also looks like chalmers street

[@Jamesthomas12187]

1. Foundation, walk. 2. Roof, has it leaked through? Dont pay much. 3. Electric, expect to replace. 4. Plumbing, same. 5. Redrywall everything. 6. Window, replace. .... Its just.so.much better roi to go inner belt, something $50,000ish-polish?

[@QuickPropertySolutions]

It's been a while I've seen this one. Hopefully someone rehabbed it.

[@samratdeb]

Thank you. Very informative video..

[@QuickPropertySolutions]

Thank you for watching Sam

[@Augustrubystudios]

Great insightful video!

[@QuickPropertySolutions]

Thank you for watching!!

[@HomeBuyingRegistry]

Thank you - great info! Appreciate the link to the contractors - we are thinking about doing a couple of duplexes with DLB soon. I see you reached your 1K sub goal - congrats! If you ever want a project in Southern California let me know - we have an excellent network this side of the country :).

[@QuickPropertySolutions]

Thank you!! Where are you getting the DLB homes? How is Southern Cal?

[@HomeBuyingRegistry]

@@QuickPropertySolutions Still debating what district for Detroit - do you have a favorite? CA is great for equity gains & AirBnB income! It's a lot more out of pocket than MI though.

[@sandraschultz3104]

Could you just sandblast or scrape off to wood base the paint off all the windows or replace any wood pieces to keep the vintage aesthetic and use functioning windows?

[@QuickPropertySolutions]

You could do that too. Depending on the labor and what they’ll charge you to do that it’s sometimes easier to just get a new vinyl window.

[@robertbirch4163]

Is all that water pipe galvanized ? If so would it be best to replace it all while the walls are open ? You mentioned plumbing as one of the six major expenses but failed to talk about in detail. Also how is labor, is help readily available ?

[@QuickPropertySolutions]

Yes. Replace it while the property is empty. Just replace it with PEX

[@tabbott429]

Thats the problem with so many old houses in Detroit. Theyre DUMPS and to far gone in many areas that will likely not bring the dollars because of the crime/vandalism. Pick a winner. City taxes are high as well. getting the water hooked up can cost 10k right off the bat. SO many hidden costs.

[@QuickPropertySolutions]

You'll only rehab it if it's worth it.

[@tajbest93]

Me and my friends buying a land bank house do you know of a very good GC we’re outta state investors

[@TV88WDGAF]

Numbers way low. Can be at 50K just on roof, electrical, plumbing, and HVAC alone. Any Reframing and foundations which there usually be will be adding anywhere from another 20k and up. You at 100K by time you do doors and windows and drywalling demo and replacements. 80k to 125k is average full rehab costs rt now

[@QuickPropertySolutions]

This video is also very old.

[@TLricks]

New sub im also from the D 🤜🏾🤛🏾

[@QuickPropertySolutions]

Sweeeet. Where you investing?

[@orlandosanchezlugo]

Nice video, I just went to your website and it´s down for some reason, do you have another site where I can checkout homes or renovations you’ve done?

[@QuickPropertySolutions]

Hey Orlando. Sorry about that. My site is up and running now.

[@Non-nb3pi]

Are you contractor if I buy a house you can fix it?

[@QuickPropertySolutions]

omg I'm so sorry but I'm just seeing this now! Yes I can help you. Message me at linktr.ee/emiliobasa

[@kamwashington2706]

Who does your rehab work? I’m looking for a contractor in Detroit for a full gut rehab on a property.

[@QuickPropertySolutions]

Hi Kam! We do renovations for clients. We just started last year. Reach out to me here for a quote: linktr.ee/emiliobasa

[@spicynomad]

im from new york city but i invest all over the midwest but not detroit. i wanted to but...im in ohio, milwauke, pittsburgh, tennessee.

[@QuickPropertySolutions]

@rere nomad - I'm marketing in Ohio now.

[@danr3144]

When you were doing the houses and taking apart the walls do you need to do an asbestos abatement?

[@QuickPropertySolutions]

We never did it.

[@williammorse8330]

do the inside work first once the roof is stabilized.... remove any asbestos/insulation yourself wearing a nozzle mask (if you can find one!)..... put in 3 mil demo bags and put in the demo bin.... most transfer stations charge by the pound//// if you go the official route of hiring a certified contractor with hazmat suit, etc..... you will not have much money left to do something with the remaining shell...... do it yourself.... you will not be eating the stuff, nor breathing it. good luck.

[@keisha-yf6gf]

Interested in purchasing your program

[@jamesgibson301]

You can't be cheap in Detroit in 2020 when rehabilitation in housing because it's historically old house's been empty for very longtime.

[@QuickPropertySolutions]

Exactly. Worst strategy to be cheap.

[@kortneyhepting5069]

the website doesn't work in the description

[@QuickPropertySolutions]

My website is down :( it will be up and running in a few days.

[@allaouakacimouvic5213]

do you have to replace plaster walls or functional windows when rehabing DLBA homes?

[@QuickPropertySolutions]

Depends on the exit strategy and the condition of the plaster. On the Clairmount rehab we tried salvaging them but eventually just ripped them out down to the studs.

[@kathleenatwell9720]

Hi Emilio. I'm a travel nurse buying a place in Detroit. Im looking for a handyman/ contractor. Need to paint, fix ceilings redo floors on 900 sq foot bottom floor of duplex.Can you help?

[@QuickPropertySolutions]

I certainly can. I have an honest and trustworthy contractor. Message me at linktr.ee/emiliobasa

[@dixiechampagne2892]

How is the Detroit area about DIY? Must one use licensed contractors, and if so, for what types of work? I'm in the Union building trades & am qualified to do most rehab work myself, but I'm intentionally avoiding New England because there are states where you can't even do your own painting. Thanks, love your vids

[@kaylean39]

On the DLBA website it only says that permits are required for most things non cosmetic, even when doing the work yourself. Idk if you must be a licensed “professional” though you may have to call.

[@QuickPropertySolutions]

You can pull the building permit yourself

[@kurtsydavis7517]

@@QuickPropertySolutions how?

[@matthewshopper]

Hello, can you recommend a good contractor or share the one you use? Starting to look for a home to rehab for myself. Shoot me a DM. Thanks!

[@QuickPropertySolutions]

Hey Matthew. Head to my website and click on contact us. I’ll hit you up

[@leafroller9423]

Just subbed

[@QuickPropertySolutions]

@Basketball Roaster - Thank you for watching!

[@suzannalam8932]

do u have any unused raw footages of ugly houses like this without you talking or you in it? I’d love to have them and if you have construction crew working on the renovation and the house as beautiful as it could be afterward raw footages? Thanks

[@QuickPropertySolutions]

Hey Suzanna. Not yet. Working on it. I just started a Patron account where I'm showing some behind the scenes footage. www.patreon.com/emiliobasa?fan_landing=true

[@Chinews773]

Abstoes and lead!!

[@QuickPropertySolutions]

yes, Gotta be careful

[@dragonfire1231000]

Knob and tube is never compliant and will often stop financing

[@QuickPropertySolutions]

That's right Austin! It's a fire hazard waiting to happen.

[@retiredbroker]

Are these projects youre doing as an investment/flip, or are these projects for other people?

[@QuickPropertySolutions]

Flips for my clients but I’m about to start my own flip in the next week!

[@fizanmehmood1712]

I'm from the UK and want to move to the states and get into Real Estate within a year or 2. I've seen on Zillow that there are properties for sale as low as $2-3K and see in the listing it mentions 5 years of unpaid taxes. Would this be a good idea to anyone (obviously seeing the property in person beforehand)?

[@QuickPropertySolutions]

@fizan - ALWAYS close at a title company and make sure you get a WARRANTY deed. Don’t buy with QCD (quit claim deed). Also most houses that are $5K and below will require 30K+ worth of work.

[@fizanmehmood1712]

@@QuickPropertySolutions Thank you! I've seen a few properties for sale by the DLBA are they worth buying i.e is the process the same as buying from a seller or even better perhaps?

[@pizzospages354]

Thank you for this! I plan to purchase a property in Jan and I'm really excited. This was excellent content. Do you have a video on the pros and cons of renting. I really want to rehab and sell but I'm also thinking of renting if I'm able to be successful in sales. I certainly will be contacting you about your network of contractors.

[@Juicingwithjay]

🏡new subscriber 🏡

[@QuickPropertySolutions]

Amazing! Thank you Juicing with Jay

[@ceeceebess6720]

Hello i wonder do you have any housing for low income rent

[@QuickPropertySolutions]

None for rent right now :( no vacancies.

[@sterlingcurry3573]

Was this a Landbank home?

[@QuickPropertySolutions]

Homes that are seized because of non payment of taxes. Landbank sells them to get the taxes taken off of the books.

[@sterlingcurry3573]

Quick Property Solutions oh ok thanks!

[@artbyrobot1]

you can just mud over that plaster... also you can just keep the old electrical and just run a ground line for 3 line electrical saving a fortune. this is so easy to save money but you refuse to do so. really bad advice.

[@QuickPropertySolutions]

Sometimes when you try and save money it will cost you in the long run

[@BatistaInvests]

Dee Troit.

[@QuickPropertySolutions]

Thank you for watching Michael!

[@walterjackson2014]

Bro how old are you?

[@QuickPropertySolutions]

43

[@777bhana]

@@QuickPropertySolutions 43!?!? U must be a Filipino bro? Lol

[@TV88WDGAF]

Definitely not a Contractor. Lol. Top costs in order: 1. Foundation 2. Roof & Gutter System 3. Re-Framing 4. HVAC 5. Plumbing 6. Electrical 7. Asbestos/Plaster Demo & Drywalling 8. Doors & Windows And your numbers are wayyyy off. Too low.

[@QuickPropertySolutions]

Yup. Those are pretty expensive

[@artbyrobot1]

these hot takes are retartded... sand down the damn windows use a sand blaster if you have to then repaint. saved $9k. skim coat fresh plaster over the plaster done saved 10k. new roof? no just leave it and patch leaks as needed done saved 9k. its like you are trying to lose money on purpose.

[@QuickPropertySolutions]

Thanks for the input

[@jonathanbarajas1]

Do you have any social media pages? I'm looking to start investing in Detroit, I’d like to get in contact with you