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Updated over 11 years ago,
Wholesaling 6 Bed, 5 Bath House
Hello to everyone !
I'm new at wholesaling, started to go to some meetings NJREIA, did some marketing, got some phone calls and went to see this house in a nice area in NJ, the owner had a Fire in the property its a single family that had 8 Bed, but they converted into 6 Bed after the fire, the house have 3 floor, and 3 Full and 2.5 half bathrooms.
He started rebuilding it, paid a contractor, he started the work but at some point he stopped kept the money and was never seen again and didn't finish the house, so the house needs :
1- new wrap around porch (it doesn't go all the way, only in he front and half side of the house).
2- Finishing bathrooms ( 3 Full and 2.5 half )
3- Kitchen as cabinets in place, but needs to finish fixing them to the walls.
4- Finish walls in 1 bed.
All electric & plumbing is done, as alarm and phone line, so basically needs finishing walls, and bathrooms, finishing kitchen and porch,
My question and the help I need is + or - how much do you think it costs to fix a wrap-around porch of 500 sf, and how much do you think the rest of the work that I mention costs :)
Do you think you help me doing some math so I can give a price to the owner ;)
Thank You so much !