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Updated over 5 years ago on . Most recent reply

User Stats

104
Posts
48
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Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
48
Votes |
104
Posts

How a 15K rehab turned into 30K

Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
Posted

Hey Everyone, 

      Just got out here to my last purchased investment. We were doing a walkthrough and tearing out drywall to prepare for our rehab and ran into a big problem on a previously built permitted addition. The walls were built with 2x2’s and 1x4 bracing at the top and bottom turned sideways instead of actual plates. I’m not sure who at the county office approved that work for the previous owners. However, this job just doubled the work load and cost. Always be aware that hidden things can cause headaches. The good part is that this will still be a good investment as we bought it at a great price. 

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