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Updated almost 6 years ago on . Most recent reply
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Processes of estimating Rehab Costs amd determining a good deal
I have just finished “The Book On Estimating Rehab Costs” by J Scott, and I’m curious what formats and strategies you intermediate/experienced investors have to estimate your rehabs? Do you guys use a specific “fill in the blank” format when viewing a house to help you get an idea or what method do you use?
My next question is, in light of acting fast to grab a deal before someone else does, when do you do your estimate, do you create it upon your first viewing or do you just write contingencies in with your offer and have a set period of time to gather your estimates and do your due diligence?
To summarize, what is YOUR most comfortable and efficient way to gather your estimate to determine whether a deal is worth diving into or not, and what is your preferred process of doing this?
Thanks!!!
Most Popular Reply
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Just found the first part of the video...here you go: