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Updated almost 6 years ago on . Most recent reply

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280
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186
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Cody DeLong
  • Gorham, ME
186
Votes |
280
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First BRRRR and Need Thoughts on Rehab

Cody DeLong
  • Gorham, ME
Posted

Currently have a Duplex under contract for $35k, rehab estimate is at $20k with a $5k contingency, ARV is $80-$100k. Looking for thoughts on what some experience BRRRR would do with this place cosmetically (already doing all the windows). Its a 1 BR unit and a 3 BR unit. Its in a C+ Neighborhood and a decent town. Let me know your thoughts!

https://photos.app.goo.gl/qJDGxPSvp8Cw3KzS6

Most Popular Reply

User Stats

280
Posts
186
Votes
Cody DeLong
  • Gorham, ME
186
Votes |
280
Posts
Cody DeLong
  • Gorham, ME
Replied

@Account Closed I like this list.  Deff doing new windows and everything that Eric listed.  The new windows are needed really bad, they are rotted out completely.  The cabinets in the 3 bedroom are shot completely.  Unfortunately looks like we need to replace those, however there is a Habitat for Humanity restore on my way to my office every day I can stop in and see what they have come in. Same with windows and such.  I will have to evict/not renew month to month lease for the tenants so that will give me 60 days to gather materials for my contractor and try to get some sales/discounts on stuff.  

My contractor is going to work on the outside first anyways and my wife and I are going to clean the yard up and get some mulch down.  At least get that done while we're waiting for tenants to leave.

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