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Updated over 5 years ago,
Contractor Rehab Estimate Help!
Good morning Guys!
We've started our journey in REI with my partner and are actively looking to get our first deal (SFR - 3 bed 1 bath).
We look at a ton of deals on the MLS everyday and pre-select properties that we want to see in the weekend with our agent.
Inexperienced, we had a lot of troubles identifying the real problems to fix in those houses and even worse to estimate rehabs. I feel like we would be better off having a GC walk the house with us, but is it the normal procedure?
Let’s say I visit 10 homes on a Saturday, would you ask your prospective GC to walk them with you the whole morning? We feel like this would be too much.
I am eager to hear from other investors strategies on how to estimate those repairs/rehab.
Thanks All!