Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago, 03/29/2024
Need estimate expectation guidance
New investor here and I’m looking to pull the trigger on a flip however I’m having a hard time picking the right amount to spend on a purchase and rehab because I don’t have an idea of what a full gut should cost.
Market: Philly- surrounding job suburbs
Typical sq footage: 1000
Rehab quality- class B
I have been told to expect to spend about 100k for a full gut on a property that’s about 2000 sq ft. Not saying this info is wrong just looking for additional guidance and advice.
And also does this mean a 1000 square ft home should be half?