New Orleans Real Estate Forum
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,
Does anyone have experience with SHORING?
I am considering purchasing a flip house that needs shoring, but I am not convinced I should get into a house that needs shoring.
I am unsure about the costs - even though we have received an estimate. The estimate was to level the house, but the estimator said there could be additional costs if there are other findings when they are working on the house.
I am sure I can make money on the flip if the estimate holds true, but I am concerned that the estimate could escalate quickly, and force the project to go over budget and potentially make the project go from green to red.
I'm looking to see if anyone has done a project (flip or not) that included shoring to see if the estimate was mostly accurate.
Thanks,
Kevin