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Updated almost 9 years ago on . Most recent reply

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Jerryll Noorden
Professional Services
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,036
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4,752
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Can some of you help me with a cost estimation?

Jerryll Noorden
Professional Services
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Posted

All I feel bad for continuously asking questions.

I hope you will entertain more.

I keep getting calls from motivated sellers suddenly. I found this old sweet lady. So innocent, sweet, tired of her house and wants out. She has NO idea how much her house is worth, and at one point she gave me a ridiculously low offer. 

I told her she should never do this... and I asked her to get her son involved. I felt so bad for her. 

At the time I would never consider entertaining an offer so low. I will not take advantage of people.

But now that I do the numbers... I am shocked to discover that my max offer is in that low range.

The house is just that old, it needs a ton of work.

So I am asking you all what you all think?

THe house is so old, thee is no way to make it look new. But is that what we as rehabbers are trying to do?

What would you  change?

I am wholesaling this but I need to know how much it will cost to "fix it". But then to what extent would you fix it?

THe floors are messed up, walls are messed up, ceiling ... MESSED UP!

How much would I estimate repairs?

Pointers help?

  • Jerryll Noorden
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SEO For Real Estate Investors
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