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Updated over 10 years ago on . Most recent reply

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Emerson Miranda
  • Investor
  • Torrance, CA
24
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Home Inspectors

Emerson Miranda
  • Investor
  • Torrance, CA
Posted
I just came across a property with extensive work to be done. Which makes me think I'll be spending about $150k in rehab. I'm concerned about coming across a major problem that might change this estimate. Would a Home Inspector be the best option to narrow down the rehab costs? Regards,

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Not really.  At best inspectors point out problems.  A contractor giving a bid to do the work would be the most accurate.

I'm amused that your estimating $150K in rehab and are worried about a "major problem".  I think you're already way past major problem with a budget that big.

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