I get a lot of questions about how much to pay for a rehab. You can find a full article on the subject here:
I also did a video on how much it costs just to repair a kitchen here:
You can find much more information on how to flip houses in my book Fix and Flip Your Way to Financial Freedom. The book goes over all the details on how to find, finance, repair, and sell house flips. It is available as an audiobook, paperback, or eBook on Amazon here:
You can see a video on how long it takes to repair a house here:
I am a house flipper with 19 active flips at the moment. I spend a lot of time with contractors and budgeting for repairs. This video gives an idea of what I pay for a rehab on one of my houses. The costs can vary greatly based on the contractor you use and where you are located. The more subcontractors you use, usually the cheaper the rehab is. If you use a universal contractor the costs can really increase because they will charge a premium to manage the project.
There are some contractors who are super expensive because they know homeowners do not know what repairs should cost. You have to take your time finding contractors and comparing prices to find affordable, but reliable companies. You usually do not want the cheapest when hiring contractors, but it is tough to make any money if you go with the expensive contractors.
Here is another article on how to find a great contractor.
Here is the after video of the home!
If you are interested in learning more about existente estate investing I have multiple books on Amazon.