New Wholesaler: How To Ask Local Investors The Price Of Rehab

[Cody Evans]

Hi guys,

I am a new wholesaler that began Driving for Dollar this past week and had good success getting leads. Im not calling these leads because I dont know how to estimate rehab costs. I am reading J scotts book but I need local costs of my area so i can start calling and negotiating on a price with sellers. 

At a meetup last week I met a local flipper that was super cool and found out he is a cash buyer. He gave me his card and even bought my beer! I really think I can benefit him since he is #1 on my cash buyer list but is it too much to ask for a rundown on contractors and avg rehab costs in the area? What is the nest way to go about this?

[Brian Pulaski]

@Cody Evans I would just let him know that you need to hone your skills on renovation costs, so you can make sure you are bringing good profitable deals to him. Ask if you can run your own test numbers on one of his flips and if gen can review it with you over lunch/dinner. I would think bringing him to a nice sit down place (not a chain, something a bit nicer, figure spending $100 or so for the two of you) would be a nice gesture.