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 over 7 years ago on . Most recent reply

Rehab estimates for a rental
Hey Guys,
So this would be my first rehab. I could pick up this duplex at an absolute steel, and could probably rent this out once finished for about $750 3BR unit and $650 2BR unit. My bank will give me a 10 year 6% rehab loan at 90% of rehab costs.
Where do I even begin to price this out? Do I have a few general contractors walk through and give me estimates?
Can any body give me a rough idea of what I'd be looking at in rehab costs? It's in the ghetto so just want to make it in rentable condition. Nothing fancy what so ever, I plan on doing the minimum just so I can rent out.
Any advice would be great.