After Repair Value

Last year I found a 4 bedroom 2 bath house that needed a whole lot of repair for $18,000.

Hi All!

Any experienced rehabbers out here have a price list on rehab items they care to share?

Thank you!

Al

The things _I_ would do --new kitchen about a 9x12 rectangle) , solar heat and water, tile throughout bath repair, possibly cosmetic, and exterior paint.

Would you do the same if the buildings were needing repair?

Learn the ins and outs of a house, how to do the minor check ups and repairs and also look at a couple of tax returns with the "benefit" of deducting taxes and insurance instead of taking the standard deduction.If you have a rental it's possible to have a positive cash flow (you should never buy a rental unless it has this IMO) and still record a tax "loss".

After selling costs, I see you taking away: $15 to $18,000.That seems like a nice cushion, leaving you some room should your repair estimates be off.

They all needed major repairs and one needed to be moved.

I'm not a "highly skilled" tradesman, but I'm more than competent at any kind of house repair except electrical, and I can do some of it.

Getting calls in the middle of the night to come fix something all the damages and repairs you have to deal with and all those months that your property maybe vacant.