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Updated about 1 year ago,

User Stats

37
Posts
20
Votes
Philip Hernandez
Pro Member
  • Rental Property Investor
20
Votes |
37
Posts

Due diligence on a flip with an empty pool...

Philip Hernandez
Pro Member
  • Rental Property Investor
Posted

Hello BP flippers. How do you approach your quick and dirty evaluations/underwriting on fixers with an empty pool. I don't think I'd let $ go hard until I've got a professional opinion related to the property I'm evaluating, but if you are doing a quick pass underwriting and all you have are pictures, how do you factor in costs associated with an empty pool? I'm in Southern California, so there definitely is a premium associated with homes with a pool, that in most cases will positively affect the ARV, but I want to have a range of values to place on this for the scope list I'm putting together

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