When one of our rentals became vacant, we had already planned to pull out the carpet and replace it with our “go to” vinyl plank flooring. To our surprise, there were hardwood floors underneath! We knew we had to refinish them without question. The house has 12 and 13 ft ceilings and was built in the early 1900’s. To have the flooring redone with the tall ceilings would create even more character and value!
Refinishing hardwoods is about 80% prep work (removing carpet tack strips, pulling staples and nails, sanding, more sanding, removing all of the dust, etc) 5% staining, and 15% applying polyurethane!
We rented a drum sander and an orbital sander from Menards. The drum sander was used to remove the previous poly coats and color from the wood. After the color was stripped back we used the orbital to smooth the floors out and remove any major imperfections. We used a handheld disk sander and a random orbital sander to sand the edges of the floors. Luckily this time around, we had a friend (and former tenant and resident) helping us sand the floors!
After sanding, we had to wipe down EVERYTHING! Dust gets in every crack and crevice. You need to remove the dust so it doesn’t end up in the polyurethane! It gets everywhere! We started at the tops of the walls and slowly worked our way to the floors. Once everything above the floors was cleaned we wiped the floors with mineral oil to remove the dust from the floors.
Top tip. If you get water on your naked flooring it will leave marks that show once the stain is applied. Notice the bucket mark in this picture! The only way to remove that mark would be to sand the floor back and re-stain, so this time it stays (it adds character). If we would have sanded the water marks before we stained it would have “erased” those marks! We used Minwax Dark Walnut from Menards for these floors. We applied stain using the lamb’s wool applicator and wiped it up almost immediately. This gave us the sharp color contrast in the wood grains.
We let the stain dry for 24 hours and then started applying coats of poly. Remember, three thin coats is always better than one thick coat. We used Verathane’s water based semigloss polyurethane which has a dry time of 2 hours. IMPORTANT TIP, as you apply more coats, it may need more time to fully dry because the wood has already absorbed through the first couple coats, thus, creating a sealed barrier.
We would apply a coat after work each evening. Friday and Saturday we were able to apply 2 coats which finished out this project with 7 coats of poly on the floor. This should give us a nice thick barrier that will look good and last for a long time. You’ll notice in our afters, the wood is different colors. This is because there is different wood grades being used in each room.
Vinyl floors would have cost us approximately $2,800, whereas, redoing hardwoods cost us around $1,200 (plus a lot of sweat equity!) If we have a choice of redoing hardwoods, we will do it every time! The value added is priceless!
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When we bought this house we had a list of issues that needed fixed in order to make this place a “quality property“. There was wallpaper hanging from the walls that needed to be removed. One bedroom had a wall with paneling hiding bad drywall. An old kitchen screaming for renovation. A bathroom begging for new life. Tired and worn carpet that needed replaced along with many other issues that needed correction!
We will run down an overview of how we went from a tired, old, neglected property; to a renewed, vibrant, clean and refreshed home!
The first thing we tackled was the walls. The wallpaper came down pretty easily by using water and fabric softener mixed in a pump sprayer. We soaked the walls and scraped the wall paper off. There was a wood panel in a bedroom hiding cracked and disintegrating drywall. Once the paneling came down, we skim coated over the existing drywall to bring this wall back to its former glory.
We removed a shelf on the living room wall that was attached to the studs using half inch metal rebar. Once the shelf was removed and the holes were patched, we moved on to paint. All of the walls in the house needed to be freshly painted. The cream walls in the living room, the tan walls in the kitchen, the “Pepto Bismal” pink walls in the master bedroom and the bright blue walls in the second bedroom all had to go!
During this process we decided to paint all of the trim work as well. We changed from stained and finished wood to bright white trim which included all of the window frames. This was quite timely and labor intensive, but if something saves you money, you do it!
Next on the list was the floors. We had to pull all of the carpet up and remove the tile underneath. Once we were able to get the floors back to the concrete we moved on to other projects.
The kitchen was completely gutted and replaced. See our blog post “5 Things We Do When Renovating Then Kitchen For Under $5000” from April 12th 2021.
The bathroom was completely renovated. See our blog post “Remodeling a Bathroom For Under $2500” from April 4th 2021.
We installed new interior doors to replace all of the old beat up doors in the house and finished them all out with stainless steel hardware and door stops. We also installed all new lighting throughout the inside and outside of the house, including a nice ceiling fan in the living room.
Once the bulk of the projects were completed, we had one of our contractors install a new pad and carpet. The only thing left was to clean the interior up and paint the ceiling boards in the car port and the front and side entry doors.
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When we bought this house we knew that the bathroom had to go! This was one of those bathrooms that had no redeeming qualities to it. The dated built in cabinets had to come down. The old tub had to be torn out. We needed a new vanity, mirror and new fixtures. The big question was, “how to do all of this on a tight budget??”
The first step was demolition. We gutted everything back to the drywall. Danny needed to build in a platform for the shower base to sit on, move the water line for the shower head up to the ceiling and replace the old plumbing and faucet mixer valve. After we had the base built and the plumbing replaced, we installed the shower pan and hooked up the plumbing for the drain.
Next on the list was the surround. We picked up a shower surround at Menards and installed it over the shower pan. Because of the odd size of the original bathtub, we decided to install a stand-in shower with a bench instead. The most difficult part of this process is measuring where the holes for the shower faucet will go. Because the shower was so spacious we wanted to put in a rain fall shower head coming from the ceiling. Once the surround was in, we needed to hang new mold resistant drywall and finish it with tape and mud.
After the drywall was finished, sanded and primed, Danny laid new tile on the floors. When the grout lines were dry, he moved on to the white bead-board. This project went pretty quickly and he was able to finish putting the beadboard and chair rail up in an afternoon.
At this point we were starting to see the finish line and knew we were getting close to the end. The new toilet went back in with no problems and we installed a new medicine cabinet. The lighting over the mirror was installed, followed by the new vanity, sink, and faucet. Danny quickly installed the fixtures and it was time for me to caulk and paint. We really like the way this tiny little bathroom turned out and we are always amazed when we look back at the before and after pictures!!! We hope you will be too!
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We’ve listened to a lot of podcasts and books over the years such as Tim Ferriss’ The 4-Hour Workweek and BiggerPockets podcasts. So many investors will say, “spend your time on what makes you the most return.” There are several ways we bring in revenue and save THOUSANDS, outside of our regular 9-5 workdays.
1. We own rental properties. 2. Danny is a licensed realtor through F.C. Tucker. 3. We do 95% of the renovations and repairs ourselves!
To find the perfect tenant for us, we screen thoroughly!! We have them complete an application, run background and credit checks, look at employment history, rental history, and look to see if there have been any evictions or convictions. If they have pets, they also complete an application for that. They also pay extra fees and deposits for having pets. Tenants really appreciate the fact that we allow pets, regardless of the hoops they need to jump through to make it happen. As an animal lover, I want to be considerate of others wanting to be able to bring their pets with them when they move!
Another “hack” we do is allow our tenants to break their lease if they purchase a home using Danny as their agent!
Selling a house isn’t a one day process. There are showings to do, offers to write, communications to send, paperwork to complete, and forms to submit. It’s a long and detailed process, but he finds it fun to walk through this process with clients. In this case this was a first time home buyer looking for a house in a very hot market!
This particular house listed at 4 in the afternoon and he was able to schedule a showing for 8 in the evening. Danny had to drop everything he was doing to make this happen. It was well worth the effort! Our tenants found their first home and he made the sale happen for them.
On this particular day, after we had tenants in line to move into their new unit and Danny had all of his closing papers in order with our other tenants, we were able to divide and conquer! I was in one town going over leasing documents while Danny was in another closing a sale! We make a great team!
We always try to stay busy and work on things that will either save us a good deal of money or work on something that will make us money. We try not to spend too much idle time, but try to use our time as wisely as we can. Life is short.
I once had a teacher say to use your mind and not your body, but we do both! In this case, I left with rent and deposit and he left with a check for commission. It was a good day!
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Danny and I will share the 5 top items we focus on when renovating the kitchen. You should be able to renovate a kitchen with $3,000-$5,000, including new appliances! For more kitchen posts, please see “Time for the Kitchen part I and II” from July 1st and 5th!
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Just as a reminder, National was our 2nd rental purchased and this home needed a complete transformation! Here we start with the living room and bedrooms! In addition, we’ll give some pointers of what we look for in a rental and our “go-tos” when renovating! You’ll notice greys & whites in almost all of our rentals. The contrast always gives a nice clean and crisp look.
When searching for rentals, we prefer smaller, 2 bedroom, 1 bath homes on concrete slabs!
2. Change the outlets & switches to WHITE!
3. Replace the lighting.
4. Replace carpet with vinyl flooring!
5. Finish by caulking, putting new window fixtures up and cleaning.
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Because our blog focuses on financial freedom through investing in real estate, we want to share some saving tips that we do when planning trips.
Every now and then, we need to escape the “hustle and bustle” of our everyday work lives, BUT we don’t want to spend a lot by doing so! If things are tight in your budget and you’d like to improvise to get some time away, you may appreciate our suggestions!
We decided on a 4 day trip to Tennessee (as we typically do!). We stayed busy by hiking at the nearby parks, having bonfires, soaking in the hot tub, watching movies, and stopping in at the local Winery.
When planning to travel on a tight budget consider these 5 things:
Planning a short trip like this allows you to decompress without breaking the bank. Our budget breakdown: Lodging stay less than $500. Shopping and attractions $35. Gas & Miscellaneous Items less than $200. In total, less than $800 was spent. Being frugal doesn’t mean you have to sacrifice, it just means you have to improvise and maximize your experience! At a time where we are all constantly plugged in and always on the run, time away from all of that can really reset your buttons and prove to you that you can live without always being connected to your phone.
Although for us financial freedom will come through passive income and appreciation in properties, financial freedom also comes through being smart with your money and having it stretch as much as possible along the journey!
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In December of 2017 we found and purchased our second rental property. Once again we are starting a rehab in the middle of winter! Great timing, I know. We learned a lot of lessons with this property because it was much more of an extensive rehab than our first from Emison (refer back to post from August 6th, 2020).
We knew we were going to have to replace the flooring. There was wall paper hanging off of the walls. We had one wall that needed a new skim coat applied that had a piece of plastic paneling over the crumbling plaster. This was the first property that needed a complete kitchen and bathroom remodel! We had plumbing issues that needed to be addressed and re-run. A bug problem that had to be taken care of by hiring an exterminator. Painting to do. Outdated lighting and electrical outlets to update.
And that’s just the tip of the iceberg.
Please keep in mind that during this time we had no intentions of creating a blog to share our experiences, so the photo quality of our “befores” are poor. Try to overlook those, if you can, and enjoy the stories along the way!
And of course, we failed to get the heat turned on before closing, so Danny and I were bundled up to work over there!
The first thing we had to tackle was to tear out the flooring. The stains were gross and the smell of urine (and other things) was overwhelming. Once we pulled the old carpet up we realized that the entire house had been tiled at one point. Danny took the time to pop all of the tiles up and get the concrete floor ready for carpet.
Here you can see, we have some huge patch work since there were these very long wooden shelves that were installed with large metal dowels. The curtains were one of the first things to get rid of and we began to pull up the stained 1970’s carpet.
Stay tuned to see the progress as it unfolds! It’s a big transformation.
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Sometimes a house just looks very old and tired. The paint on the walls looked dingy and the almond color outlets were old, filthy and well, almond. We are not fans of off-white or almond colors in our rentals. We prefer bright white to give it a clean appearance and contrast with grey paint. The wood floors were also dated and worn out. In all of the properties we work on, we know there comes a time when an interior is begging to be made new again, which is exactly what we offer with all of our properties!
With the exterior we spruced it up by painting the entry door a dark blue called Mid-night hour, and replaced the porch light with a simple, modern, style. Also, the new interior curtains helped to clean up the appearance from the outside!
Throughout the entire house, we painted the off-white walls to a fresh grey (our go to color!), and we gave the baseboards a fresh coat of bright white! We replaced the old tile at the entryway with a dark vinyl durable tile. When the tenant moved out, he took his curtains and curtain rod with him. We needed to add those back in to give the room a complete look. The curtains also match the new front exterior door color! We also took this opportunity to change out all of the old lighting fixtures and replaced them with LED lights. If we decided to keep the existing fixtures, we replaced the bulbs and installed LED bulbs. The flooring was also cleaned and layers of poly was put on to give the wood floors their shine back!
One thing that we focus on is flooring. If the floors can be refinished or given a couple coats of polyurethane to revitalize the look of the floors we want to take advantage of that opportunity! If we’re looking at either replacing carpet or laying new floors, most of the time we’ll opt to install new vinyl floors. Usually these projects can be completed on a weekend. In this case, we were lucky enough to already have hardwood floors!
In the kitchen we replaced the old faucet with a new stainless steel faucet. A small 30 minute project that gave us great results. The oven was very dated and needed to be replaced. We put in a new one with a white oven hood. Keeping the black one wouldn’t have matched well with the other white appliances. We freshened up the old cabinets by giving them a new coat of polyurethane and new hardware. The poly brings back the sheen on the cabinets and makes them look a lot better! One other item on our list was to replace the old, rusty, leaking washer hookups. We had a plumber come in to install a new hookup box on the same service call he rebuilt the toilet. Both are things that we could have accomplished on our own, but having these done while we were both at work was one less thing we had to tackle!
One other project that has HUGE impact is the walls! If there are holes in the walls or old patches that weren’t done correctly, we’ll take the time to fix them. Once we have the walls in good order we take on the task of painting them. We use a standard color, Elemental by Pittsburgh Paints that we get at Menards. We also pay attention to the door and window frames and the baseboards, giving them a fresh coat of bright white paint! In the master bedroom, we also had to take the time out to flake off ceiling paint, re-texture, and paint the ceilings. Everything in a house needs painted!!! Once we had the walls painted we installed new blinds, doorstops, switch covers and outlet covers.
The bathroom needed a little attention as well. We cut out all of the old caulk around the tub and shower and add new. We painted the walls, baseboards and door-frame. The fan cover was hanging, so Danny fixed the wire that holds it in place and reinstalled it. The medicine cabinet also needed a fresh coat of poly and we added new hardware to the cabinets. We replaced the old bulbs in the lighting fixture with new LED bulbs. A nice clean white shower curtain and new bathroom fixtures finished out this bathroom reset.
All in we spent almost every night and weekend doing this project and completed it in about 5 weeks!
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The floors in this unit were looking a little tired and worn, so we decided to give them a quick refurbish! The polyurethane was starting to flake and peel. The luster had long worn off. Here, we’ll give you 5 simple steps to do a quick, low-cost turnaround without having to sand everything back to bare wood, stain, and put several coats of polyurethane on!! This project took us a couple of days. We started on a Friday evening and finished around noon on Saturday.
For a more in depth explanation of refinishing hardwood floors take a look at our “Refinishing the Hardwood Floors” post from July 9th 2020, when we worked on our first live-in flip!
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