Comments on: The Poor House: Staging Pics

By: J Scott

J Scott — Tue, 22 Feb 2011 22:01:10 +0000

Karen -

Thank you! That’s absolutely the nicest compliment I could ask from anyone…

And you guys were absolutely fantastic to work with as well…

By: Karin

Karin — Tue, 22 Feb 2011 21:57:52 +0000

I bought this house and it is LOVELY! You guys did a great job!

By: J Scott

J Scott — Sun, 29 Nov 2009 15:20:37 +0000

Josh -

Here is some more info on the alarm systems we use:

http://www.123flip.com/portable-security-system

By: Josh D.

Josh D. — Sun, 29 Nov 2009 03:21:57 +0000

J Scott,

What type of portable alarm systems do you use? That’s an excellent idea!

Josh

By: J Scott

J Scott — Wed, 25 Nov 2009 16:10:36 +0000

Luis -

We put portable alarm systems in all our houses…the police would be there before they could get the fridge out the door…

By: Luis

Luis — Wed, 25 Nov 2009 15:45:17 +0000

Great job.

Make sure you strap down those appliances…mine walked away last week :-0

By: J Scott

J Scott — Tue, 24 Nov 2009 22:51:18 +0000

Hi Steve -

For the price range we generally work in (resale for $90-130K), we typically look for a very conservative and very minimum $15K return, with $20-30K what we’re actually shooting for.

This usually provides us with a 50-100% ROI, and adjusted for time held, usually ends up being an annualized ROI of 200-400%…if we can keep that up, I’ll be very happy…

By: Steve

Steve — Tue, 24 Nov 2009 17:17:17 +0000

Looking at your numbers I see you’re heading for about a 25% return on your all-in costs. Do you typically look for investments in that range? Do you have a threshold before you decide to invest?

I’ve also heard some folks talk about the ROI on their money in (renovation, holding, real estate fees) only and measuring their return off of that.

Thanks!

By: Carl Lenocker

Carl Lenocker — Mon, 23 Nov 2009 20:16:28 +0000

Nice work as always! I could definitely learn a lot about staging just from looking at the pics of your houses. I definitely need to get more storage so I have a place to keep all of this stuff between projects

-Carl

By: J Scott

J Scott — Mon, 23 Nov 2009 13:27:30 +0000

Law -

Like I do with all the projects, I’ll list all the numbers down to the penny once the house is sold and I post my “Final Analysis” post, but here is the high level overview of the current and anticipated costs:

Purchase: $33,000
Rehab: $52,000
Holding/Fees: $4,000
Commissions/Buyer Concessions: $8,000-$11,000

So, our 100% all-in costs will be about $97-100K.

If we sell the property for $125-130K, we should make about $25-30K on this one…