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Updated over 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Morristown, New Jersey
  • Member since Sep 15, 2016
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Morristown, New Jersey
  • Member since Sep 15, 2016
Connect
Account Closed
  • Investor
  • Morristown, NJ
1
Votes |
19
Posts
Real Estate Deal Analysis & Advice

Overspent on rehab, what next?

Account Closed
  • Investor
  • Morristown, NJ
Posted
Made a ton of mistakes with my first contractor, then switched to a new one. Lots of unforeseen expenses in a full gut rehab. Now I'm overspent by $35k+ vs the ARV of $230k. Rent possible is $1500. House is not in a great location, across from double yellows on a highway, but is zoned commercial. Any recommendations?
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