Here's a guesstimate on my part (again!) - I am just guessing that maybe he gave the guy half to start, and $40K sounds like around the right number to fix up a place of that size if it's in shambles... so maybe $40K (to have it done well and right) would be the closest guess.
Hope that helps ---- Have a great weekend!
First of all, thank you! That's great information, and a real shame that someone robbed the guy, yuck!
Any idea on how much the project would cost? I am assuming it needs appliances, flooring, a kitchen, but really have nothing to base this on. More information would be great!
I can't find out much more than what you have, the listing doesn't give a lot of information. Could be that they ran out of funds to complete the project, it wouldn't be the first time a flipper has done that. If you would like to contact me I would be glad to send you the listing or set up a time for us to go look at it, that might be the best way to find out more about it.