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Updated about 10 years ago on . Most recent reply
Mark UpdegraffPoster
Agent
Property Manager
Pro Member
- Investor
- Rochester, NY
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Laughing out loud in Rochester NY - Guess the net to seller on this transaction!!
Minus Brokerage Fee (900)
Minus attorney Fee (350)
Net to seller = 2250
Personally, you couldn't PAY ME to take title to this POS.
- Mark Updegraff
- Podcast Guest on Show #112
Most Popular Reply
Ok Let's run the numbers for fun if it is a total gut:
Trash Out - $1500 might be light
Roof - $8000
Paint studs and floors for smell - $2000
Drywall - $2000
Paint Inside - $1500
Paint Outside - $2000
Kitchen #1 and #2 - $4500
Bath #1 and #2 - $4500
Flooring throughout - $3500
Electric - $3000
Plumbing - $1500
Windows - $3000
Misc (doors, trim, etc) - $4000
So $41k rehab to turn this into a great $29,900 double bring in $1100-1200/mo.