Buffalo Duplex Multifamily Rehab Estimates
Hi folks. I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.
It's actually in really good shape, so no real demo. Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement. Otherwise, for both units, its pretty much new flooring throughout, new kitchen, new bathroom, outside paint job, and restoring porches on both levels. New windows mostly throughout. New doors mostly through out. Thats it, its largely cosmetic.
With that said, would you say $50,000 is a big enough budget? I can go higher, but I'm trying to enter the property with equity and do a BRRRR.
Is 50k enough to do the above, or will I nees more? It's okay if I do. I just don't want the contractors to eat up all my equity because I'm a newb.