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Updated over 7 years ago on . Most recent reply

User Stats

36
Posts
10
Votes
Daniel Howard
  • Investor
  • North Salt Lake, UT
10
Votes |
36
Posts

Flipping a House in Utah

Daniel Howard
  • Investor
  • North Salt Lake, UT
Posted

I have found a couple of REO houses that seem like they could be good candidates for a flip, and I'm interested in visiting the properties to get a more accurate idea of the repair costs that will need to go into these to be able to either resale them or rent them out.

I have two questions:

  • What is the best way to get a fairly accurate estimation on repair costs (I have never done any sort of house repair work)?
  • What are some of the extra things I need to be mindful of when buying REO property?

Any feedback is appreciated. I am just starting out, so I'm eager to learn everything that I can from everyone.

Thank you

Most Popular Reply

User Stats

32
Posts
10
Votes
Donovan Wilcox
  • Herriman, UT
10
Votes |
32
Posts
Donovan Wilcox
  • Herriman, UT
Replied

What city are the houses in ?

If your doing a fairly big rehab it’s about 25 bucks a square foot to gut he house.

Need way more details for an accurate answer to the questions.

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