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Author Topic: Buffalo, NY Rehab Cost  (Read 2274 times)

Offline rcole727

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Buffalo, NY Rehab Cost
« on: April 30, 2005, 10:24:20 am »
Unfortunately, as a newbie investor I paid a "property manager" about $12,000 to repair/rehab a single family home in low income area.  He did not do repairs, took money, but that is another story.
Question: It will cost me about $12,000 for a legitimate company to fix & repair.  Once done, can get about $550 month rent.  Property rehabbed fmv = $12,000.  Since scammmer property manager didn't do repairs property, received violations in housing court which are pending.  To demolish house will cost about $10,000. Need some objective advice.
Thanks.

 




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