Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Jacob Milhorn
  • Grand Rapids, MI
2
Votes |
4
Posts

First Rehab- Expensive bids for roof in West Michigan

Jacob Milhorn
  • Grand Rapids, MI
Posted

Hi Everyone, 

I finally found a great deal, purchased and am fixing up the property. It is an older (late 1800s) brick building with an addition totaling nearly 3,000 sq ft. The main problem I am having at this point is that the roof needs attention and every quote I get for the job is over 20k for a shingled roof. The roof does have cedar shake underneath the existing standing seam steel roof so it needs re-decked (an extra 5k, sure) but still, the prices are significantly higher than I expected. I have tried to get bids from individual contractors and corporate contractor companies to try and get an idea of the spread of pricing over different tier vendors, but no luck finding investor friendly options. 

Am I just in denial over having to pay so much? I am forced to go get financing just to get the roof put on. Should I accept this as reasonable and pay 26k for what I am sure will be a professionally done roof job or should I keep shopping?

thanks!

Jacob

Loading replies...