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Rehabbing & House Flipping

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Bryan N.
  • Investor
  • Hampton Roads, VA
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Rental rehab costs

Bryan N.
  • Investor
  • Hampton Roads, VA
Posted Jul 12 2014, 12:53

When purchasing a property that needs some rehabbing (not a gut job), is there a percentage people use for overages?  So, if it needs roof, flooring, paint, etc and contractors total quotes come to $10K for easy math.  Would someone assign a 10% or 20% overage to be safe?

Thanks 

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