Estimating rehab costs

[Austin Nix]

Hello Everyone! New investor here! Looking at properties online and have no idea how to estimate rehab costs. I’d like to have a general idea of how much rehab will costs before dragging a contractor to every property. Any tips/rules of thumb that you use to get a general idea?? Thank you

[Matthew Kwan]

It depends if it's cosmetic rehab or major like electrical, plumbing, sewage etc. How bad is the condition so it depends...I did a cosmetic rehab early last year and it was around $30k for a 1600 sqft property up in Seattle WA. Over TX , the labor should be slightly cheaper.

@Albert Bui @Carlos Valencia