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Updated over 18 years ago on . Most recent reply

User Stats

1,067
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86
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Tom C
  • Real Estate Investor
  • Ohio
86
Votes |
1,067
Posts

Finally done

Tom C
  • Real Estate Investor
  • Ohio
Posted

For those of you who don't know. I purchased a HUD SFR for 23K on 06/01. It had been vacant for 2 years and was a mess. I estimated the rehab to cost around 3K and completion done in one month. Well after failing Sec 8 inspection and the city inspection last week for little things like a ply of leaves in the back yard and paint flakes in the yard, we got both inspections done today and we are ready to go. The renter is moving in tomorrow. I am around $2,500 over budget due to termites and a gas leak in the front yard. I also didn't expect to pay someone to help me with minor paint jobs, but he worked cheap and I needed to work on more important things. One thing that I never accounted for was all the little things that has to be done that take up so much time. As an example, I worked 2 days just trying to get a funky outlet/light switch to work in the remodeled bath. I finally got mad and just called the company for support. Every day that you spend working on that little stuff, adds time to your project. I can now walk in a house and know that by looking at the windows, that it will take 2 days to fix them for inspection compliance.

So I missed my deadline by one month and my budget by $2,500. The next house will be in better condition, I hope!

I forgot to mention.. It took 3 coats of Kilz in every room just to get the stains to the point where we could apply regular paint.

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