BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
Can you eyeball a listing and estimate costs?
I've never done a rehab before - just own vanilla townhomes, collect decent yet problem free rent but I've continuously tried and failed at obtaining a flip home. Anyway....I'm asking what might be a dumb question but then again maybe not. For those of you who are experienced - are you able to look at a listing, and come to a rough rehab budget? Again- ROUGH. Here's a listing as an example: (Disclosure: I have ZERO interest or ownership or anything with this listing. It happens to be 40 mins from my house is all. )
https://www.realtor.com/realestateandhomes-detail/4308-Conco...
Just based on what you see in the pictures - are you able to have a mental idea how much it will cost to rehab and if so how do you come to that? Thanks
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I would eyeball around 50-60K too without knowing about the condition of the major items like HVAC, roof, foundation, plumbing, and etc. I'm seeing a full trash out, new floors throughout, new paint, full bathroom and kitchen updates, appliances, roof looks like it needs to be changed soon, landscaping, and etc.