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Sam and Lucas from FasterFreedom take viewers on a tour of their latest rental property purchase in St. Peters, St. Louis Metro Area. They bought the house for $89,000 from a trusted wholesaler and plan to invest a little over $20,000 in rehab. After the rehab, they expect the property to be worth around $145,000 and plan to rent it out for $1,400-$1,500. The house has three bedrooms, and they plan to replace the flooring with luxury vinyl planking, paint the walls, ceilings, and trim, replace electrical outlets, and clean the windows. They will also replace the entire kitchen with 42" grey new cabinets, granite countertops, and subway tile backsplash. The bathroom will be gutted and redone with new tile, toilet, vanity, light, and mirror. The hallway, which contains the washer and dryer, HVAC, and water heater, will have updated plumbing for the washer and dryer, and the HVAC and water heater will be checked by professionals to ensure they have at least 5-7 years of life left. The paint color scheme will be white ceilings, amazing grey walls, and semi-gloss white trim and baseboards. They use the same color scheme in all their rentals to avoid confusion. They prefer dolly lights over fans to avoid maintenance issues, but will install fans if a tenant pays for it.
Sam and Lucas from FasterFreedom take viewers on a tour of their latest rental property purchase in