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Updated almost 6 years ago,
Should I get a contractor bid before I make an offer? - BRRRR
Hi BP!
I'm just starting out, and will be buying my first SFH rental soon. I was lucky enough to attend @David Greene's BRRRR Class last night which was amazing. So many gold nuggets - thank you David! One question I forgot to ask is, should I get a contractor to give me a bid before I make an offer, so I can calculate more accurate numbers into my BRRR Calculator? Or am I just guestimating rehab costs very conservately based on pictures, then get bids after I get an offer accepted? The reason I ask - if I'm making say an offer a week, that seems like asking a lot of a contractor to run aroud and give me bids each week, knowing that I won't make a deal on most of them. I can see being a pain in the a** for the contractor to ask this, but I could be off base. So, how do I get accurate rehab numbers? Thanks in advance! -Nick