Updated about 5 years ago on .
Contacting & Documenting Contractors
Hello All,
I wanted to reach out to the BP community and share a challenge I am trying to overcome.
A little background. I'm a Sterile CPhT, I am also a new real estate investor primarily focusing on wholesaling contracts in the San Fernando Valley.
My challenge is that I am having trouble figuring out the formula to analyze a wholesale property. I am using the BP Wholesale calculator and came across the rehab cost. I then directed to the rehab calculator on BP as well. Then it came to the part where I put a value on the broken down costs, and that is where I got stuck again. After finishing a call with a mastermind group also on BP (shoutout to them) I need to contact Contractors in my area who can provide quotes on specific property types. Any pointers on what you would do, what to keep an eye for what questions I should ask, what questions I shouldn't ask if that's a thing. Any negative or positive 2 cents is appreciated. Thank you for taking the time to read and respond to this post.
-Joel Castaneda