Methods for doing quick rehab estimates?

[Jesse Harris]

I am very savvy at calling contractors to get pricing on jobs where there is ample time. However, I am struggling to find an accurate way to estimate rehab costs if I only have say 24 hours to see a property and run my numbers if I want to make a quick offer. How are you guys making quick rehab estimates without calling all your contractors and getting them out to see it? I can ballpark within $5k, but that can make or break a deal! Thanks

[David Robertson]

If you can ballpark your estimates within $5k then I'd say you are pretty good at estimating.

I think the real problem is, if you are finding "deals" where $5k "makes or breaks the deal", then that is not a deal!

Your flips should have much more profit margin in them, so if you are $5k off on your rehab estimate you will still make money.