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Rehabbing & House Flipping

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Brad Stoffel
  • Fort Wayne, IN
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17
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Gut it to the Frame

Brad Stoffel
  • Fort Wayne, IN
Posted Aug 3 2008, 10:57

There is a house in my area that needs gutted... every floor, every ceiling, every wall taken down to the studs. The brick is in decent condition, but the second story is cedar shakes and they need replaced. The roof needs torn down to the rafters and replaced. Electrical and furnace are new – needs an AC unit and compressor.

The house is:
2200’ sq
3 bed
1.5 bath
two story on a utility basement.

This is a big project! My question is… has anyone ever done one of these before? How do you even go about starting to quote a project like this? I’ve got a $100k spread and the neighborhood is middle class so the materials don’t need to be first class all the way.

Any suggestions / advice?

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