ibuyhomefast's blog

Repair costs are way too high! Need Opinions!

We have a 4-plex (2nd deal after Success Academy)that we bought last year. We have a money partner who paid cash for $56K. She also put up the rehab money of $30K. After rehab, it took us months to rent. Now that it is rented, we could not imagine the water leaks/plumbing problems that have been happening all throughout the property. Pipes are leaking in the hallway, kitchen, bathroom! Our in-house contractor quoted us $10K to replace all damaged/rusted/ pipes. The problem is...we do not have that money!

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