Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Advice needed - what's your experience on rehab costs like this
Hello everyone,
We have our eye on this project. 3/1/1040.
It needs a lot of work, in San Antonio, Tx. What do you think rehab will go for?
https://drive.google.com/drive...
Looking for some insight...Is this too much to take on for some rehab newbies?
Cheers,
Alice
Most Popular Reply

I work with a lot of new out of state investors that buy here in San Antonio, and I would strongly discourage any of my clients from getting into this type of project, unless they have significant construction experience. Not only is it a big project, but it's also surrounded by dilapidated properties. There is a lot of revitalization going on in that general area, but this particular neighborhood hasn't seen enough of it yet for me to want to pour a lot of time and money into it. Even if you're able to rehab the property within a reasonable budget, this isn't an area that's renting terribly well (if this is a BRRRR). Have you spoken to a local property manager yet? If it's a pure flip, you might be able to make it work if the price is right.
- Joseph Cacciapaglia
- [email protected]
- (979) 218-2286