Investor Pricing for Repairs

[Jonathan Doescher]

How do get investor pricing for repairs? I am new to investing in real estate and looking to finish a rehab on my primary residence and purchase a small multi family property. I went to a local meetup and they were talking about repairing a whole bathroom for around 3k, but everyone I spoke to wanted to charge 8-10k for just the shower and 20-25k for the whole bathroom.

[Jon Reed]

This is always a fun thing to hear people brag about... "Ohh, I can renovated a whole bathroom for $3K"... then you ask them what do they mean by 'renovate' and you will soon find out either:

A. They are talking about painting it, putting in a new sheet of vinyl floor, and a new light fixture.

B. They are doing the cheapest materials they can find and doing all/most of the work themselves.

If you are to completely hire out the job and use mid to top tier products then a 2nd bath will cost at least $10K and a master bath can easily break $25K.