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Updated over 2 years ago,
Estimating Rehab Costs
Hello BP community.
I was wondering if anyone had any advice or different systems they use to estimate what the rehab price would be of a property. I am trying to wholesale distressed properties in MA, but am having some difficulty knowing how much rehab prices should be, even for just a simple cosmetic rehab. I have read books like "Estimating Rehab Costs" by J Scott and the book on "Flipping Houses" by J Scott but still find it hard to get a pretty accurate estimate for rehab. I know BP has the rehab calculator but for that I believe you need to know what the prices are of whatever you are fixing.
If anyone can help it would be really appreciated!