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Updated about 5 years ago on . Most recent reply

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Marco Morkous
  • Realtor
  • Nashville, TN
22
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144
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Short windows accurate numbers??

Marco Morkous
  • Realtor
  • Nashville, TN
Posted

Since there are such short windows, especially with good deals, how do you guys manage to get accurate rehab estimates and arvs if most deals go so quickly? I assume you put in the offer contingent on inspection, then give the inspection report to your preferred GC?

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Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
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Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
ModeratorReplied

No,that is not how it is done. As a rehabber, you need to learn how to properly and accurately calculate both rehab numbers and your exit value. Trying to rely on third parties is not efficient, productive, or cost effective. There are literally hundreds of threads here on how to estimate rehab costs. Do a search and you will likely find ,any where I have gone into great detail on how to learn and perform this process as have other experienced flippers.

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