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Updated almost 7 years ago,

User Stats

6
Posts
4
Votes
Adam Beachnau
  • Redmond, WA
4
Votes |
6
Posts

Help determining repair costs and thoughts on BRRR approach

Adam Beachnau
  • Redmond, WA
Posted

I am looking at some potential properties in Tacoma, WA. I am new to REI. My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get it to rental material.

Here is the property I am looking at:

https://www.redfin.com/WA/Tacoma/506-S-38th-St-984...

Here are my questions:

- If you were a flipper, how would you structure your analysis of the repairs needed? Are there and "models" out there to help for beginners?

- If you were looking for help in the local market, which people would you reach out to to help build an estimate? Real estate agents? find local contractors? Flippers?

Thanks,

Adam

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