Repairs
Part of your financing on a flip house will most likely be used for repairs and upgrades for the house. Let me tell ya.... things aren't cheap these days!
My mother-in-law is having her sons do some major repairs to her home. She is ripping out all of the old floors and laying down new. Everything from the plywood to carpeting. She is also putting in new kitchen cabinents and so on. Wow, I cannot believe how much things run these days!
One sheet of plywood runs $40 bucks! Thats one sheet!!! I couldn't believe it when she told thats what she paid per sheet! And she had to have lots of sheets!
She was able to get a couple of the bottom cabinents for the kitchen at a reduced price because something was wrong with the drawers. My husband fixed them though so she did get a good deal there.
It just floors me how much home construction items cost! As you can tell, it's been a while since I shopped for plywood lol!
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