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Updated almost 17 years ago, 01/26/2008

User Stats

131
Posts
3
Votes
Jimmy NA
  • Property Manager
  • CT
3
Votes |
131
Posts

1st Project

Jimmy NA
  • Property Manager
  • CT
Posted

Ok, here is my situation:

I have single family under contract at $60,000. I have checked my comps. well and the ARV is approximately $130,000.

I have not gotten inside due to a complicated situation. I know the neighborhood and I know my comparables.

I have done my rough numbers on repairs. The house needs a roof, a kitchen and one bath. Also, exterior and interior painting. The house is small, approx. 1500 sq. ft. I think I can keep it under $35K for repairs.

My next step is to get quotes. Should I get 2 or more quotes on each of these needed reapirs? Is it overkill (and a waste of valuable time) to get more than 2 quotes?

Any advice on where to go from here?

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