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All Forum Posts by: Paul Strauss

Paul Strauss has started 0 posts and replied 7 times.

Originally posted by @John Lee:

Is this a fair offer?

ARV: 170k - 180k (wholesaler estimate 200k)

Repair: 30k for rent (wholesaler estimate 20k), 45k for rehab 

Cosmetic rehab on the main house, new roof on the mother in law unit and rehab

Wholesaler asking price: 125k can lower to 120k

Main house rent for $1200 to $1400, mother in law unit $600 to $800

I was going to offer 96k but I think I can offer up to 105k, but between 120k to 105k seem like a lot. Am I wasting time making the offer?

I'm having a GC to come look at the property to get more accurate number

 I don't think it's ever a waste of time to make an offer. 

Originally posted by @Bjorn Ahlblad:

@Paul Strauss Thanks Paul, so that would be 20k plus tax as an estimate that is a fine starting point for evaluating quotes. Thanks for your help. @J Scott I hope we are not hijacking your thread too much!

Apologies if we are (hijacking the thread)- yes- you would have to ADD TAX and as I said- there are variables which I can't know without an inspection. 

Originally posted by @Bjorn Ahlblad:

@Paul Strauss Thank you so much for your help.

 Ok, so I'm shooting from the hip here- guessing it's an elastomeric roof covering. If I'm correct about that and it's mechanically attached (60 ml) you're looking at $4.00 per square foot ($400 per square) and that's just remove and replace the roof-- it doesn't include things like detach and reset of an HVAC unit, etc. or any other components like pipe jacks, vents, flashing, etc. But that's the range you're in.

Originally posted by @Bjorn Ahlblad:

@Paul Strauss it is a 'rubber' roof located in 98520-rain country! Thanks for any help.

Cool. I'm an insurance appraiser- I'll throw the basics into my estimating software and give you a round number sometime tomorrow morning. 

Originally posted by @Bjorn Ahlblad:

I have a 10000 sq ft 2 story building with a flat roof so the roof would be 5000 sq ft. What should I expect to pay to have a new layer applied. It is located in a small town in Western Washington if that makes any difference. Thanks in advance!

Do you know what kind of roof it is? TPO, EPDM, Mod Bit, PVC, etc?

Get me that and a zip code, and I'll get you a good round number.

Best real estate investor's club in the country? 

A lot depends on the market you're in and the expectations of the grade of home a renter or buyer is willing to accept. From a practical standpoint- installation, maintenance, etc.- there's no difference. Tile can be tougher to maintain and repairs (such as the replacement of a leaking shower pan) will cost more. That's about all I can think of off the top of my head.