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Updated over 7 years ago on . Most recent reply

User Stats

178
Posts
73
Votes
Wilson Lee
  • Birmingham, AL
73
Votes |
178
Posts

Estimating rehab and rehab cost

Wilson Lee
  • Birmingham, AL
Posted

Hey guys, 

  What are some great resources to teach a young person who's never had construction experience how to properly estimate rehab cost? 

  How do I know what needs upgraded or repaired? 

 How do I calculate material cost?  How do I figure out what materials are necessary for any given rehab? 

 How do I figure out the cost of labor? 

  I understand this is a broad topic but any resources would be appreciated.  Every rental property I own so far has not needed repairs but I'm wanting to get into some tougher rehab properties.

Most Popular Reply

User Stats

1,416
Posts
732
Votes
Joseph M.
  • Flipper/Rehabber
  • Los Angeles, CA
732
Votes |
1,416
Posts
Joseph M.
  • Flipper/Rehabber
  • Los Angeles, CA
Replied

@Wilson Lee  I haven't read it myself yet but I always hear great things about J Scott's book. The book on estimating rehab costs.  He also has a book on flipping houses as well , both have excellent reviews on Amazon. 

https://www.biggerpockets.com/store/flipping-estimating-physical

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