All Forum Posts by: Alex Smith

Hi folks.  I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.

It's actually in really good shape, so no real demo.  Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement.  Otherwise, for both units, its pretty much new flooring throughout, new kitchen, new bathroom, outside paint job, and restoring porches on both levels.  New windows mostly throughout.  New doors mostly through out.  Thats it, its largely cosmetic.

With that said, would you say $50,000 is a big enough budget? I can go higher, but I'm trying to enter the property with equity and do a BRRRR.

Is 50k enough to do the above, or will I nees more?  It's okay if I do.  I just don't want the contractors to eat up all my equity because I'm a newb.

Hi folks.  I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.

It's actually in really good shape, so no real demo.  Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement.  Otherwise, for both units, its pretty much new flooring throughout, new kitchen, new bathroom, outside paint job, and restoring porches on both levels.  New windows mostly throughout.  New doors mostly through out.  Thats it, its largely cosmetic.

With that said, would you say $50,000 is a big enough budget? I can go higher, but I'm trying to enter the property with equity and do a BRRRR.

Is 50k enough to do the above, or will I nees more?  It's okay if I do.  I just don't want the contractors to eat up all my equity because I'm a newb.

How would they even find out that you're not in the property, to levy the lean of $25,000?    Do they stay up your a** forever?  LoL!

Appreciate it Alfie!

Thanks!

Hey all!  Just here to learn more about Multi Family and Buy and hold investing.  Good luck to everyone!