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Updated over 8 years ago,
When/how to get rehab estimates
Hello Everyone!
I am new to investing, so I apologize for the potentially basic question. I have been practicing running the numbers on one property per day and I want to move past it, but I'm stuck. When I am looking at fixer uppers to buy and hold, when does a rehab estimate come into play?
If I were to get a rehab estimate on each of the properties that look appealing, I could see the expenses adding up very quickly. So, at what point in the due diligence process would you recommend getting the estimate? I have decided to read through The Book on Estimating Rehab Costs and I am sure that will help, but I feel like I may could get a better answer by asking the question. Besides, this is my first post. :)
Thank you in advance for the help!
- David