LA/OC Repair Cost Estimate Worksheet

[Andrew Lee]

New investor here. Currently in the education/analysis stage. 

Does anyone in the Los Angeles/Orange County area have a worksheet they use to estimate the cost of repairs prior to purchasing a flip?  If not a worksheet, do you generally seek the assistance of a GC?

I am currently analyzing deals, however, I cannot accurately estimate the cost of repairs/rehab since I do not have any hands on experience. The limited experience I have would be remodeling my own home, but that was much less extensive than the work needed for a traditional flip.

Thank you all in advance!

[Bob Okenwa]

@Andrew Lee

The best thing to do is keep reading and building the education. Eventually, you're going to want to get bids from GC's and walk the property with them to see if what you have learned matches up with what they are telling you. I'd also recommend reading J Scotts book on Estimating Rehab Costs. If you need a spreadsheet for costs, PM and I'll send it to you.