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Updated about 7 years ago on . Most recent reply

User Stats

825
Posts
278
Votes
Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
Votes |
825
Posts

How do you estimate if you can't see the inside?

Amanda G.
  • Rental Property Investor
  • Augusta, GA
Posted

I read an outdated book that had a rule of thumb for estimated $/Sq ft for renovation costs. Does this idea seem legit? How do you estimate when you can't get into the property before you make a bid?

Most Popular Reply

User Stats

54
Posts
16
Votes
Ryan Monier
  • Rental Property Investor
  • Covington, LA
16
Votes |
54
Posts
Ryan Monier
  • Rental Property Investor
  • Covington, LA
Replied

Assume the worst to be safe!

I would not recommend doing so if you're new to investing unless you have some insider info on the property.

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