A wholesaler that can not yet estimate repair cost.

[Justin Scott]

The Dilemma

As of now I am a wholesaler that is learning how to find deals. However after reading “the book on estimating repair cost”, I am still not confident to being about to estimate repair cost. I fear this may be my biggest hurdle while getting started.

The Ask

Are there relationships where a wholesaler has a contractor to estimate the repair cost of properties and the wholesaler give the contractor a portion of the profits for the properties that are sold? If so how does that relationship look?

[Matthew Irish-Jones]

@Justin Scott I think you are better off establishing square footage estimates than trying to get a GC to give you a cost estimate, then trying to find a buyer, then him getting estimates, yada, yada, yada.

Sit down with a GC, or someone else that knows the trade and get ball park sq ft estimates.  Like:  just cosmetic work, no mechanicals = $12 per sq ft.  Roof, mechanicals and cosmetic = $25 etc..

Then you can walk through a place and put it in one of 3 or 4 categories.  Light cosmetic, full cosmetic, full cosmetic + mechanicals, Full cosmetic + full mechanicals + exterior.

If you have those categories broken down into sq ft you can give rough estimates.

Good luck!