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Updated almost 6 years ago on . Most recent reply

Alex Jones's profile image
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Alex Jones
  • Rental Property Investor
  • from Rochester, NY
  • Member since Dec 16, 2013
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Alex Jones's profile image
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Alex Jones
  • Rental Property Investor
  • from Rochester, NY
  • Member since Dec 16, 2013
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Alex Jones
  • Rental Property Investor
  • Rochester, NY
127
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162
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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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J Scott
  • #1 Off Topic Contributor
  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008
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J Scott
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  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008
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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

BiggerPockets has an entire book on how to flip, but here's the synopsis of the answer to your question:

https://www.biggerpockets.com/blog/2010/03/10/dete...

  • J Scott
  • Podcast Guest on Show #2024
    • 2 Votes
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