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Updated over 6 years ago on . Most recent reply

User Stats

37
Posts
17
Votes
Tanner Carson
  • Flipper/Rehabber
  • Yoakum, TX
17
Votes |
37
Posts

Help with Renovation Budget

Tanner Carson
  • Flipper/Rehabber
  • Yoakum, TX
Posted

Hey BP community!

I was looking to get some advice on how to analyze this property.

The property has a garage apartment in the back of which I do not wish to purchase. In talks he would let that go for 79k which means he is asking around 100k for the house.

The house has a brand new roof and has recently had foundation repaired .

The internal look to have new electrical I have not walked the house yet

Please help!!!

it will be a modest flip. I will do texture, paint exterior and interior myself, baseboards and trim. cabinet install possibly

What should my asking price be you think? and how do I go about accurately estimating these cost.

.

comps in the area are going 85-90 per sq ft.. non rehabbed (80's to 90's) style houses.

so 196 sell for-ish

My question is. How do I estimate this flip from a stud on stand point. I have never done it for insulation or complete drywall job.

Please help!!!

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