BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago on . Most recent reply
How Far Does $50k Go for Rehab?
Looking to get into the BRRRR game and trying to estimate how much renovations will cost for an average distressed 2-3 bedroom home roughly 1200 square feet or less. I still need to link up with a contractor and talk this out, but I'm wondering if anyone had examples where they put around $50k into a home and what the results were.
I keep hearing that costs of labor and supplies are rising (when aren't they?) so I'm wondering if around $50k is reasonable to get a smaller single family home up to speed where it looks something like what you'd see on HGTV.
I understand that starting condition and location will play a factor here, but just wondering what your experience has been. I'm in Michigan if that matters for specifics.
Edit: I don't plan on doing any of the work myself aside from the most basic of things. I'd rather stay out of the way and let professionals do their thing.
Most Popular Reply

- Rental Property Investor
- College Station, TX
- 1,010
- Votes |
- 1,004
- Posts
This is not the way to analyze a deal. Dont fall into the $/sf trap or start thinking "$50k SHOULD be able to update a small house". Take the time to break down what needs to be repaired and what upgrades you will be doing. Rough numbers are ok but at least list it out.
- Gregory Schwartz
- [email protected]
- 443-812-0357
