Curious to know what the average rehab cost is for SFR flips in the Sacramento area. Anyone care to share their numbers or insights?
It's going to vary wildly id assume. From what I gather gone are the days of the quick minimal flip of finding a bargain doing "minor" rehab (paint, carpet, maybe a kitchen/bathroom). The flips Im seeing are way more substantial- buying smaller homes in A neighborhoods and doing major work (damn near new houses) with room/bathroom expansions- and thus costly. My neighborhood 95819 rehabs are costing 150-200+k easy.
i bought a house built in 1910 and it costs 60k to rehab.
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