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Updated almost 4 years ago,
How do you evaluate rehab costs for an offmarket deal?
Hi all - I'm interested in purchasing an "as-is" property with an all-cash offer. Goal is to BRRR from there and use the refinance to fund the next property. That said, I don't have the skills (yet) to inspect a property to evaluate rehab costs / time. For instance, are there roof issues? Foundation issues? HVAC issues? What's the total cost of the rehab?
How have others gotten around this? Do you bring an inspector / contractor with you?
Thanks for your insight!
Alex