What was it like buying and rehabbing a gutted property?

[Jonathan Feliciano]

Hi BP community,

I'm curious to hear from those who bought and rehabbed a gutted property. What was your experience like? And would you do it again?

[Andy Sabisch]

If you are planning on doing anything more than a cosmetic flip, buying a property that has already been gutted to the studs saves you time and money.  We have done that where we can as it makes it easy to make structural changes, run the electrical and plumbing where needed and then get a drywall crew to close things up.  The previous owner paid to tear out the old walls, dealt with the mess and had a dumpster remove it so again, if you are doing more than paint and flooring, a property that has been gutted makes your job easier (and saves you money).  It is also easier to see issues with the walls removed.