Fix and Flip Cost Estimation

[Ryan Williams]

Hi BP Family,

I'm looking at a property to purchase, fix, and flip in my hometown. I live more than 12 hours away so I'm unable to go on site but the realtor has gone on sight and provided me with a walk-through video and commentary. My question is, in J. Scott's book on Flipping houses, he recommends getting three estimates from contractors.

How can I have three different contractors view the home to bid on the work? Especially considering my agent is very busy and working and I don't live in the same city as the potential deal.

Thanks for reading and for any replies.

[Matthew Crivelli]

@Ryan Williams

If the agent isn't willing to let contractors in to give bids then I would find a new agent. If you are using a loan for your flip you need to get someone in to estimate the costs quickly. If it's a case of you feeling bad about over using the realtor, I wouldn't. It is their job and you are a client.