Recently bought a 4 Family, they are all 2 bedroom 1 bath units. Just did a TOTAL GUT renovation on 1 of the units they were super outdated. What should I be spending on the entire renovation? Whats average? I like nice stuff I didn't want to go cheap.
I would say what ever the first unit cost was - X 4
If I was doing the job I would have GUT all 4 of the units first and then repaired them one at a time and also get tenant's as I repaired them.
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