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Updated over 5 years ago,

Alex Jones's profile image
Alex Jones's profile image
Alex Jones
  • Rental Property Investor
  • from Rochester, NY
  • Member since Dec 16, 2013
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User Stats

162
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127
Votes
Alex Jones's profile image
Alex Jones's profile image
Alex Jones
  • Rental Property Investor
  • from Rochester, NY
  • Member since Dec 16, 2013
Connect
Alex Jones
  • Rental Property Investor
  • Rochester, NY
127
Votes |
162
Posts
Rehabbing & House Flipping

How do you analyze rehab estimates

Alex Jones
  • Rental Property Investor
  • Rochester, NY
Posted

We found a fantastic duplex house in need of rehab. Here is my situation: asking price is $35K and my contractor estimate costs in rehab is $18K. What is the method/formula to accurately offer for the property? How do we come up with an offer?

Thank you

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