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Updated almost 6 years ago,
Question on rehab estimates
I have a quick question for experienced flippers on estimating rehab costs. When you first started out how did you go about estimating costs? The wholesale properties in my area seem to be flying off the shelf hours after being listed, which leaves me little time to research cost on an individual basis. Did you research cost down to the last .20 outlet cover or just take an estimated guess and adjust from there as you turned more properties? Items like flooring are pretty cut and dry but not sure how to proceed with expensing out an entire bathroom or kitchen.