Estimating Rehab Costs

[Dylan Robinson]

Hey everyone,

I'm new to REI and I'm wondering if you guys have any advice to share on coming up with rehab estimates when you're just starting out, and don't have a long track record to go off of? Obviously you need something within reason (if not exact numbers) to plug in and figure out if a deal pencils or not. Is it just a matter of reaching out to GCs and asking for a list of generalized estimates for common rehab work? Is that something they'll do prior to looking at any potential deals under contract? Any insight would be greatly appreciated!