Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
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 over 1 year ago on . Most recent reply

User Stats

4
Posts
2
Votes
Andrew Kouri
2
Votes |
4
Posts

What are the best things to address with a $50k budget for a flip?

Andrew Kouri
Posted

I am considering doing a flip for a house that is in a $500k ARV neighborhood. Most of the work I've done has been on higher end properties, so I am trying to get some idea of what would be the most impactful and profitable things to do on lower end homes. Obviously a full kitchen remodel doesn't make sense at this budget, but the house needs quite a lot:

- New roof

- New windows

- New bathrooms (currently it's set up as a 3/1, but I think adding a second bathroom would be a big add)

- Flooring is okay, but the tile is dated

- New front door? 

- Landscaping? 

I bet someone here has built a guide for where to spend money on different classes/brackets of homes. Can someone point me to a data-backed guide like that?

Most Popular Reply

User Stats

40
Posts
33
Votes
Eric Michiels
  • Flipper/Rehabber
  • Denver, CO
33
Votes |
40
Posts
Eric Michiels
  • Flipper/Rehabber
  • Denver, CO
Replied

Hi Matt my best advice would be to talk to the real estate agent you will be selling the house with. He or She should have an idea of the comps in the area and would be able to tell you what is the most important renovations you can do on that market. 

Hope that helps you.

Eric

Loading replies...