The seller found a contactor to do a rehab, bought the materials, and the contractor agreed to do the work for $10,000.

FYI, I was a firefighter for 12 years and I just left to pursue being a territory rep for a wholesale building materials company.

“ I’m in reading mode -- ordered a few real estate books “ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~My suggestion check with your local library ( Hales Corners ) for hardcover books on real estate then look into purchasing materials.

What really ties up a property is when a builder takes Bk or dies, having the greatest equity and an unfinished project can really be a problem.In your builds, you should have figured contingencies, price of materials going up, etc. part of that should be about 3% for attorney fees to clear up any issues, not that it will be needed, but reserved for unforseen issues on any job.

AND you need to front the payments for labor, subs and materials.

Like with anything, the guys that do it all day will do it twelve times as fast as you, and with materials and your time it's probably cheaper that way.Two years ago I refinished about 1200 sq. ft.

2 I think I was naive in thinking my appraisals would factor in more of the materials used to upgrade my homes.

Please note, no other work can be completed while the scope of work is being done.Material Draws: We allowed material draws for specialty items only such as flooring, cabinets, countertops, and windows.

. $100k house deserves $100k materials to get $1k rent.

Yes, A seller needs to disclose all matters material to the home.