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Updated almost 7 years ago on . Most recent reply
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Looking for a Rehabber in Kansas City
Hey everyone in Kansas City! My girlfriend and I are looking for someone that we can work with that currently rehabs houses. We are wanting to start a wholesaling business and are wanting to get a much better understanding on estimating rehab costs. We are constantly looking for property and we run comps when we find one that catches our eye. Ultimately, our goal is to utilize the BRRRR method but that would be years down the road when we can bring more cash to the table.
We are looking for someone to help guide us in estimating rehab costs and hopefully we can begin to work together once we feel that we have an adequate understanding of those costs. The last thing we would want to do is waste someone's time with presenting a bad deal. We just need a little bit of hands on learning from someone who is willing to teach us. Thank you so much for reading this post. We look forward to meeting some new people and exchanging ideas!
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@Jordan Gobely - I have been flipping full time for the last year and investing for 13 years. I personally don't understand how anyone can start out wholesaling for exactly the reasons you mentioned. Unless, within a few thousand dollars, can tell me as a flipper what a property is going to cost to rehab - you are guessing. Most of the wholesale deals I see are junk for that reason.
I would highly recommend you take on a couple of flips. Spend a few hundred hours in home depot. Talk to a hundred or so contractors. Things start to come together then. You realize with the right contacts an HVAC system can be installed for 3k instead of 6k, etc..
Yes, you could talk to someone like me and say "hey what does it cost to install an HVAC unit." What I can't teach you and you learn from flipping is how to walk a house and spot issues. Bad sill plates, faulty wiring, etc...
Probably not the answer you are looking for but it is the honest answer. All that said - I am always glad to help you, however, I can to get started. Feel free to PM me.