After cost of demo, it’d be an offer of $53k.

We joked that demo would have been a blessing in disguise since this was a hoarder house.)WholesalerIn our case, there was a wholesaler who unknowingly bought the property from a scammer and then sold it to our borrower.

The glass broke in the demo!

WE HAVE FINISHED DEMO PHASE AND WE ARE GETTING READY TO START CONSTRUCTION.

You jump into the flip strategy real quick if you're spending money to demo to the studs, rewire an entire house, and throw on drywall.

@Sam KayWe use Propertyware, have experience with Buildium and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.

. $1,000.Demo.

Cost to fix water damage including demo is only 4k-6k.Who on earth would be paying hundred k for mismanagement of simple mishap and takes three years and especially in this case the owner want to sue the contractor for loss rent ?

combined was well over 100k we got paid.. then the big one 7 years ago for me was the fact this 3 lot project in Oregon was land locked  very complicated title company hired attorney and the attorney and I worked on it for almost 4 years to get it straightened  out I had title insurance for my purchase of 140k ( I had spent another 100k on demo and perk test well test survey etc. .. but I demoed the houses and was getting ready to build 3 new homes and when i went for my construction loans thats when the access came up..

Another option, depending on how much demo/rehab you want to put into this, is to knock down the wall separating the kitchen from the dining/living space (if it's not load bearing) along with taking out the pantry.