Always “late to the party”. Property status “Pending”.

[Anna Khan]

How can I submit an offer for a rehab house when I don’t know how much the rehab will cost me to see if I will make any profits? By the time I get contractors to get the estimates the property is long gone! Submitting an offer without estimating the cost of rehab sounds wrong and risky for a newbie. What do I do?   Thank you.