The typical remodeling contractor will have overhead expenses ranging from 25% to 54% of their revenue – that means every $15,000 job could have overhead expenses of $3,750 to $8,100.Somewhere along the line, people started believing that a 10% overhead and 10% profit is the industry standard for construction jobs.

Typically, they range from 2-5% of the purchase price.

We use a few different companies that range from $1900- 3200 depending on the extent and company. 

It’s durable, water-resistant, and easy to clean.Countertops: Laminate or quartz countertops can be more cost-effective than granite but still offer a modern look.Paint: Choose neutral colors to appeal to a broader range of tenants.3.

.- Most current rates are in the 7-7.75% range.- Competitive pressure to deploy capital compressing dropping of rates. - Buyers are underwriting portfolios to as-is rents.- Machine learning models are helping to reduce risks.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

ARV on this property will be in the $1.6M range. 

If the market cycle changes; if your area of interest isn’t right; if you don’t have sufficient capital or credit; and if your not a “fit” for the work necessary to close the transaction, then you might have thrown $15,000 or $40,000 or MORE down the drain.  

Hey @Roxanna Pifer,Slatehouse group Property Management covers a wide range of areas and might stretch up to the Lehigh Valley.

Reach out to @Joseph Chiofalo for a wide range of reliable and creative lending scenarios. 

Give them a specific amount of time to clean it up or face a penalty. 24 hours should be more than sufficient.