Price per square foot rehab method in Houston

[Frank Gamez]

Hey all. I'm trying to systematize my analysis/due diligence process for flip properties. I'm wanting to speed up my rehab estimation portion of the analysis but don't really know what are good baseline numbers for the price/sqft method to go off of in the Houston market. Is a light rehab $10/sqft, medium rehab $15/sqft, and full rehab $20/sqft?  I understand that this is not an accurate enough system to base your whole business off of but I'm wanting to get ball park estimates first and then diving deeper with a contractor instead of wasting the contractors time giving me bids for properties that don't make sense from the get go. Any insight is much appreciated!

[Andrew Taylor]

Read the book "Flip" by Rick Villani. It has the answers you’re looking for, and he is based out of Austin, so the numbers are applicable here. You will have to adjust for some inflation and hurricane-related price increases, but overall it’s an outstanding overview of this exact process.