My 1st Rehab - BRRRR
I currently have 5 rental's, and am looking to move on to my 1st BRRRR deal. I have never done a full rehab before, and I got a quote from my contractor for $42,000 (3 bed, 1 bath, 850 square feet). He included all the supplies (drywall, kitchen cabinets, tub, vanity, toilet, paint, floor, lighting, doors, installing washer/dryer hookups). I think I may want to buy all of the supplies myself, and only have him charge me for labor.
How do most investor's handle this? Do you usually get 1 total price for a rehab or do you only get a cost for labor? Does this seem like a fair price?
