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Updated about 8 years ago on . Most recent reply

User Stats

69
Posts
11
Votes
John Moon
  • Palpark, NJ
11
Votes |
69
Posts

How to Scope Rehab work for Duplex Rental

John Moon
  • Palpark, NJ
Posted

Hello, this is going to be a long post with bunch of questions so I'm counting on everyone :) 

I got a duplex I'm looking to purchase. My end goal is to create 2 units that are rent ready. Both units needs good amount of work and I'm looking to create a scope of work.

1) Should I create a scope of work for both units in 1 sheet or separate out the 2 units and create a scope of work for each. 

2) Who creates the draw schedule? (i'm using a hard money lender)

3) Should I buy new cabinets or re-paint it?

4) Update oil tank to gas unit? (This is a weird situation, 1 unit already has gas, and the other uses oil)

5) Update new windows (windows are pretty busted but i think it'll look nice with new paint)

6) I want to provide GC with floor, cabinets, and vanity I already have one in mind. I want them to only bid labor for those. I also want to do the painting myself. How do I convey this to the GC's where they don't get annoyed and still work on the project?

Thanks in advance. Bigger pockets has been a tremendous help and I hope to share my experience when I get done my first rental.

John

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