CAN'T SEE THE INSIDE FOR REHAB ESTIMATION... WHAT NOW?
Hi, BP,
I found a property in a pretty rough/up and coming area in Tampa that I need help with. I have estimated ARV as roughly around 185K. I am unable to view the inside of the home, so I have no clue what rehab costs may be. I am thinking if the rehab costs are at most 100K, I can comfortably have a MAO of 55K. Of course, I would start negotiation around 45K or so.
If any of you can help to guesstimate what's the worst possible amount to spend on rehab, OR if you can tell me what you've done in situations like this, OR tell me if I'm way off, please leave a comment below.
Thank you guys!
Amber