Buffalo NY Duplex Multifamily Rehab Estimates

[Alex Smith]

Hi folks. I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex. It's actually in really good shape, so no real demo. Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement. Otherwise, for both units, its pretty much new flooring throughout, new kitchen, new bathroom, outside paint job, and restoring porches on both levels. New windows mostly throughout. New doors mostly through out. Thats it, its largely cosmetic. With that said, would you say $50,000 is a big enough budget? I can go higher, but I'm trying to enter the property with equity and do a BRRRR. Is 50k enough to do the above, or will I nees more? It's okay if I do. I just don't want the contractors to eat up all my equity because I'm a newb. Being green and feeling like contractor bait is what made me reach out here. I got two quotes. One for $70-$80,000 and another for $110,000. As a result, I bought J. Scott's book on estimating rehab costs which has been REALLY helpful. I'm going to do a walk through on my own and write up my own SOW just so I have my own estimate as well. My plan is to find someone to write up a professional SOW afterwards, and just shop it out to contractors and let them bid on it, and if they need to see the property before they bid, then we can arrange that. Your comments just confirmed that I need to see like 8 other GC's. Thank you.