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Updated over 4 years ago on . Most recent reply

Aldrin Colorado's profile image
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Aldrin Colorado
  • New to Real Estate
  • from Las Vegas
  • Member since Jun 3, 2020
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Aldrin Colorado's profile image
Aldrin Colorado's profile image
Aldrin Colorado
  • New to Real Estate
  • from Las Vegas
  • Member since Jun 3, 2020
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Aldrin Colorado
  • New to Real Estate
  • Las Vegas
3
Votes |
10
Posts
Buying & Selling Real Estate

Checking First Rental Property and Estimate Rehab?

Aldrin Colorado
  • New to Real Estate
  • Las Vegas
Posted

Anyone know what I would need to do to check my first rental property and how to best calculate rehab costs on a budget?

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Aigo Pyles's profile image
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Aigo Pyles
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Feb 3, 2020
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Aigo Pyles's profile image
Aigo Pyles's profile image
Aigo Pyles
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Feb 3, 2020
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Aigo Pyles
  • Flipper/Rehabber
  • Memphis, TN
284
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758
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Aigo Pyles
  • Flipper/Rehabber
  • Memphis, TN
Replied
Originally posted by @Aldrin Colorado:

Anyone know what I would need to do to check my first rental property and how to best calculate rehab costs on a budget?

1. You can check the rental property by going to the property itself. Ask for home inspection.

2. BP has a calculator. You can ask the contractor for the rehab cost. But if you are going to do it on your own. You have to know the prices of the materials and the labor cost. 

All the best!

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