How to get get estimate of repairs?

[Siale Havili]

I wanna work on my estimate of repair numbers as accurate as I can before I see the property. I know once I get my inspections done I’ll have a more accurate number to work with but is there some formula to use that gives me a more competitive edge to visually evaluate a property based on pictures and videos? Thanks

[Brian Pulaski]

Originally posted by @Siale Havili:

@J Scott

Thanks J. I figured that at least having a contractor do the walk though and giving me Estimates is the best way.

Keep in mind that contractors aren’t going to walk all of your potential leads and give you estimates for free. Also keep in mind you will probably walk through 20-30 or more houses before you get close to making a deal. If you paid even $100 for a contractor to give an estimate (most good ones would probably charge more for their time) you are looking at thousands of dollars for estimates.

To be successful you will need to know how to do this yourself. Research, determine what things cost, what trades people charge to fix/replace systems etc. Doing this and being good at it isn’t easy for someone with no background, but if you want to succeed you will need to learn as much as possible and most likely learn trial by error.