Investor Thinks $10K Will Rehab
In this short YouTube dialogue, Angie, an investor who recently purchased a duplex, tells Toby from Direct Funding Resource that she believes she can make both units rent‑ready with a $10,000 rehab budget, covering paint, flooring, and cabinets. Toby pushes back, explaining that typical Texas rehab costs for a single unit range from $25,000‑$30,000 even for basic “lipstick” work, which includes carpet, paint, appliances, and labor. He advises Angie to get a contractor walkthrough, warns that $10,000 for two units is unrealistic, and suggests a phased approach: finish one side for $10,000, rent it out, then use the cash flow to fund the second side. Toby emphasizes that cutting corners can lead to costly mistakes. Angie acknowledges the insight and says she’ll consider the advice before calling back.
