Example: let's say I want to gut a kitchen and put in a new cabinets, new appliances, and new flooring (but with the same layout)?

I have 15 years experience in running a manufacturing business (kitchen cabinets) but don't have real estate experience.I want to quit my job and become an entrepreneur and after much research, home flipping seems to be my best option.Reading other posts implies that cost of capital is very high in rehab and having cash will provide a competitive advantage.

My wife thinks the cabinets are ok to keep.

One property did need carpet, tile, paint, new cabinets in the kitchen and baths (with granite tops).

I had a local handyman visit the property and took photos and estimated all the repairs that are needed and he came in with a total of $6200 for interior and exterior painting, clean-up, refacing kitchen cabinets, and updating the bathroom.He is going to be starting work within the next 2 weeks.

The walls had to be washed down along with the cabinets but that was a few months after treatment to knock the bugs down to at least a level where you could enter the place (not habitable yet).If you watched Orkin and Undercover Boss this week on TV that was child's play compared to what I saw.

You can get somebody doing that as a side gig to do it for half that or better.I would have him do things like plumbing repair, toilets, sinks etc, cabinets, etc.

Now I want to rehab them to build the assessed value of the units from $36,000 to around $60,000.00 by replacing window, kitchen cabinets, full bathroom renovation, making sure my electrical is good, fixing the landscaping and paving the drive ways.

I moved from Austin, Tx last year to Cincinnati and am loving the city.I am experienced in residential remodeling and custom cabinet making but am looking to really get my foot in the door with REI as I know that can provide me with the future I seek.

I would put hardware on the kitchen cabinets.