“Checking” Your Analysis Work

[Nicholas Anderson]

Hi Everyone,

New investor here. I have a Finance/Cash Management background and per the advice on the forums and podcasts, I am currently trying to analyze a large volume of properties in the market I’ve selected before making any offers.

The main problem I'm running up against is "checking my work" for the rehab estimates I'm selecting. For all of you seasoned investors how did you get to a point at which you were comfortable with your rehab estimates by just looking at a property on the MLS?

I’ve bought J Scott’s books and go through them line by line when doing rehab estimating but it again goes back to my problem of not being able to verify that those numbers are correct. There is also the problem of this approach taking quite a long time.

I understand that I will be performing inspections to confirm my assumptions but I feel like I might be missing something here. What’s the point of analyzing properties if you don’t know of what you’re doing is correct?

Thanks for your time!

Nick