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Updated over 8 years ago on . Most recent reply

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205
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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

Rehab this for newbie

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted
What's the best practice when looking at a rehab or shell?. Recommend walking with contractor before buying and what's the best way to figure out rehab cost? For buy and hold

Most Popular Reply

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803
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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
689
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803
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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
Replied

You might be better partnering with someone that has more experience. Estimating rehab costs is something that comes with time and experience. Bringing a contractor through is one way to estimate rehab but getting just one contractors opinion is not always the best. I always try to get three quotes for any job when hiring out something I don't already have someone for but getting three GC's through the property might not be feasible. Like I said maybe look for a mentor or partner to help you if this is your first time. 

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