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Updated over 9 years ago on . Most recent reply

User Stats

35
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0
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Diana B.
  • Real Estate Investor
  • Vancouver, BC
0
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35
Posts

Estimating Rehab costs from out of state

Diana B.
  • Real Estate Investor
  • Vancouver, BC
Posted

I'm setting up a strategy for investing (buy and hold) out of state, and the one area I'm not clear on, is estimating rehab costs from a distance.

I will be in my farm area to build a team, interview GCs, find trusted contacts and visit properties. However, I will mostly be out of state and I wanted to hear from investors here on how you get a good rehab estimate. 

For example, once you find a property that requires your approximate desired amount of rehab, do you request your trusted GC (or two?) to go down there to give a better estimate before you put in an offer?

Thanks!

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