How Much Would This Renovation Cost In Your Market?!?!
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The speaker purchased a rental property for $65,000 two years ago and invested $20,000 in renovations. The renovations included new baseboards for $5,000, slightly used appliances and six screen windows for $2,500, paint for $3,500, fixtures for $500, and a bathroom renovation for $2,000. The speaker also spent $1,000 on new doors and hardware and $4,000 on a new roof. The total cost of renovations was $19,500, bringing the total investment in the property to $85,000. The property is now worth $150,000, resulting in $65,000 in equity. The property has been cash flowing $300 per month since the speaker purchased it. The speaker asks viewers to comment on how much a similar rehab would cost in their market.
The speaker purchased a rental property for $65,000 two years ago and invested $20,000 in renovation