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Updated about 8 years ago,
Rehab Cost and Risks
Hi
I need help from people who have done rehab before in my first project!!
-How risky (financially) is to get hard money for purcahse the property?
-how long in averahe the rehab would take for 2300 sf house?
- how many percent of the property's price I have to put down to be able to get the hard money?
-where can I find a local reliable contractor to show him the pictures or property to get a estimation on the cost?
I saw the inside of the property and it definitely needs a lot of work. Scope of work gonna be the whole kitchen, entire floors and walls for 4 bedrooms and living room plus 3 bath would completely redone but the current plan's layout looks ok and roof and exterior looks ok. I noticed some part of the bathroom's floor has broken also shower pipes leak. The property priced fair, but I need to run more accurate numbers to know how much would be the top price I should bid on.
Please share your experience wih me!
Thank you all!