@Brenda Lyons and @Joe Lopez,To make the @ work, do the following: Hold down the shift key and type @?

Thank you Joe!

Joe is gone?

Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows (6 windows, 2 doors): €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

In fact, why am I paying $50,000 plus medical and retirement benefits for Joe when I can hire a virtual assistant from Mexico or the Philippines for 1/3 the cost that is just as qualified and speaks excellent English? 

They are going to be EXTREMELY labor intensive when it comes to management.

If the guy is in the lawn business and has a small acount at Joe's Lawn Mower Shop, that is probably not reported credit.

When you add in things like rewiring, replumbing, roof replacement, HVAC replacement, siding replacement, replacing all windows/doors, replacing cabinets, replacing tubs/showers, etc, things tend to get much more expensive, even in lower-cost rehabs and areas where labor is cheap.Personally, I'd use $15/sf for a full interior cosmetic rehab, but for a *full rehab* (including all the stuff listed above), my numbers are closer to $30/sf.That said, as a rehabber, you probably want to be much more precise than just a price per square foot...as a wholesaler, this *may* be good enough, but it's still important to know when a rehab will be $15/sf versus $20/sf...on a 2000 sf rehab, that's a difference of $10K.

Agreed Joe.

Materials and Labor?