Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 7 years ago

Day 3 Riverside "slow motion" rehab

DAY 3

Repaired hose bib. Raked and put the trash and recycle bins out. Asked a roofer to come out and take a look at the metal roof. He came out and we talked about the project. He showed me how the copper standing seams are smaller than usual, and are not crimped down in many areas. Additionally, there are no rivets. Rivets would keep rainwater from seeping under the loose edges.

Normal 1494301381 Img 3875

A neighbor had told us that the 90 year old gentlemen who owned the property prior to us, was up there on the roof himself. We can see areas where the crimping of the vertical seam of the metal roof only reaches up as high as a man on a ladder could reach, and no further. He apparently cut the copper into smaller vertical sheets to make it easier for him to climb up there. Also, the roofer said that the wooden structures we see hanging from the roof peak are likely the method by which the owner perched on the slopes of the hot metal roof. We couldn't figure out what they might be used for.

Frank-the-roofer said he will get a crew out there with a ladder and do a thorough check to see if the underlayment is OK, and if the plywood sheathing is in good condition. If so, the price is $5000 to repair, or less. If it isn’t good, then we have about $40k to replace the roof.

If we go with copper, the price is about $80k.*blink blink* $80,000?! That's my ENTIRE budget!


Comments