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Updated over 7 years ago on . Most recent reply

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30
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6
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Phil Hartten
  • Naples, FL
6
Votes |
30
Posts

How much renovation is to much on a house to flip?

Phil Hartten
  • Naples, FL
Posted

Hi.... I did about 35 buy/fix/sell/rent houses in Ohio over the years and got bogged down in repairs, repair people problems and budget problems.

How much fix up do you think is worthy and doable before a project gets to be a real pain?

I avoided roof problems, siding problems, broken concret driveways and basement problems....and even furnace and a/c problems.

What is your thoughts please?  Thanks   Phil

Most Popular Reply

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3,507
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3,256
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John Teachout
  • Rental Property Investor
  • Concord, GA
3,256
Votes |
3,507
Posts
John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

Roofing, siding and HVAC problems are pretty predictable cost wise. Those wouldn't necessarily be deal breakers as long as the numbers are "known" and work. Flipping houses is one place being optimistic isn't helpful. I'm really good at estimating costs and lousy at predicting times to complete projects.

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