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Updated over 5 years ago on . Most recent reply

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Mike Hernandez
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5
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Rehab analyzer software

Mike Hernandez
Posted

I attended a Dan Merrill seminar and at the end of seminar they were pushing the rehab analyzer software https://rehabvaluator.com/. I currently purchased a 3 flat rehab project and hired a General Contractor to do everything. I think he's charging me too much but, there's still enough room for profit because I purchased it cheap enough. Although, not all deals are like this and need to save money where I can so, I'm looking for a Rehab analyzing software. Any recommendations are greatly appreciated, thanks.  

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734
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David Robertson
  • Flipper/Rehabber
  • Kansas City, MO
750
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734
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David Robertson
  • Flipper/Rehabber
  • Kansas City, MO
Replied

Dan Merrill?  Do you mean Than Merrill with FortuneBuilders?  I believe the software they promote is RealeFlow.

If you think your GC is charging too much, did you get multiple bids?  You should at least solicit 3 bids from other GCs to check your GC's numbers...

Otherwise, I would recommend getting The Book on Estimating Rehab Costs which provides price ranges for 25 different repairs, which could be used as a gut check.

Otherwise, I have a spreadsheet in the BP file place that has a repair estimator tool with a cost database that might come in handy as well.

https://www.biggerpockets.com/files/user/drobertson/file/house-flipping-spreadsheet-lite

  • David Robertson
business profile image
FlipperForce

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