best way to estimate rehab costs?

[April Sanders]

Hello all...I am have been working on analyzing deals but really struggling with estimating rehab costs. Any suggestions? 

[Bruce Woodruff]

Yes, just find a good veteran GC to walk the properties and throw out numbers for you. You may have to pay a couple hundred $$, but it's well worth it..Bear in mind that an hour walk-though may or may not uncover everything that will be on the final Scope Of Work....so add 20% to the number that you get from the GC.

You will need to do this quite a few times before you will be able to do it yourself, someone said you can after just one time, but that would be wrong. Every project is way different, too many moving parts in this business....