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Updated about 8 years ago on . Most recent reply

User Stats

43
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20
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Joseph Ziolkowski
  • Rental Property Investor
  • Melbourne, FL
20
Votes |
43
Posts

Determining Repair Costs

Joseph Ziolkowski
  • Rental Property Investor
  • Melbourne, FL
Posted

Hi everyone, I have a question regarding repair costs. I don't really know too much when it comes to estimating repairs as I'm relatively new to real estate. When I initially walk through a property should I have a contractor I trust be with me to determine a general repair cost? My plan is wholesaling, so I actually won't need the work of the contractor, but rather their expertise on repairs. Is it typical to pay the contractor a fixed fee just for a walk through bid? Or is there a better way to determine the repair costs before putting the property under contract? 

Most Popular Reply

User Stats

2,664
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1,863
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
1,863
Votes |
2,664
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

@Joseph Ziolkowski  Get J. Scott's book

https://www.amazon.com/Book-Estimating-Rehab-Costs-BiggerPockets/dp/0988973715/ref=sr_1_1?s=books&ie=UTF8&qid=1480569398&sr=1-1&keywords=the+book+on+estimating+rehab+costs

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