Calculating Rehab Estimates

[Kevin Alvarado]

Hi flippers! I'm seeking advice on the most efficient way to estimate rehab costs for multiple properties. What are your current price-per-square-foot rates for low to mid and high-end rehabs? I'm specifically looking at the following categories:

• Low to mid-end fix: cosmetic updates such as painting, carpet, and minor repairs
• Higher rehab: flooring replacement, full interior paint, cabinet/vanity/kitchen replacement, and countertop rework
• Interior remodel: similar to higher rehab, but with shower/tub replacement and other interior updates
• Full remodel: everything from previous categories, plus additional work on the house and outdoors

As a newcomer to the flipping game, I appreciate any advice on estimating a good deal or anything related to real estate flipping and new construction. I'm located in the Logan Square area. Thank you in advance!

[Leo Kwok]

as everyone has stated, you cannot learn this online

go find someone at a meetup or a RE meet that is in the field and ask to tag along or try to partner into a deal so that way you can at least get a general idea on costs and how someone negotiates pricing on certain jobs etc. 

also dont ever try to buy into or purchase a "class" or coaching, you might as well burn your money if that's what you do!!

nothing will ever replace hands-on experience

good luck!