The main house is completed and as far as labor, I spent $40,000 on just labor and that includes everything from full gut demo to finishes.We are talking about a 4BD, 3BTH two story 2400 ft.² home with a bonus room.This was a full gut job, replaced…12 Windows (new construction)2 sliding doorsTook out all carpet throughout.Took out this ugly 2” thick tile from half of the downstairs portion.Removed popcorn throughout the entire houseTook one wall downA little framing workReplaced entry door 80” x 92”Drywall patchingSmooth drywall work50 recessed lightingAll electrical neededAll plumbing neededNew cement walkway instead of one walk to the front door I created two steps with two lights in each step.Install kitchen cabinets, excluding countertopInstall all three vanities3 bathtubs with one being a modern standalone tub in the masterAll tile work (bathroom wall & floor, kitchen backsplash)Installing of all hardware, faucets, showerheads, etcInstalled 8 single panel doors with hardwareAdding self-leveler after tearing out that thick tileNew LVP flooring throughout the entire house except bathrooms,all baseboards, trimsPainting the entire house, painting all the doors, painting the outside trim.Reframing the outside balconyReframing the fireplace to install new linear modern electrical fireplaceand they took care of the two trash bins.I mean, completely redone.The only thing that was not included in the $40,000 is landscaping, counter top cut and install and of course the ADU which I’m currently working on now.So my question for my fellow investors and contractors did I pay too much?

It's only a few hundred bucks to join...

I filled these two deals recently in Pitt.1667 Jancey St105k purchase78k reno270 ARV4083 Cabinet StreetPurchase 130k85k rehabARV 325kThe key is getting into the pipeline of the market. 

Don't burn hundred dollar bills.

Every time a tenant has an issue, the PM calls an electrician, plumber or handyman to fix it, it's going to cost a few hundred bucks minimum, sometimes thousands.

He says he talks to hundreds of people every month, but only a select few are a good fit for their course.

I have a smaller group that is free and the larger ones are usually a few hundred $ per year.

Painted the kitchen cabinets, then added quartz countertops.

Are you putting in basic cabinets, midgrade or high-end?  

I was laughed out of the room and was told it could be done for 1% (yes if you have friends and family - but if you are raising $5M you will spend several hundred thousand today if you do not know people).