Looking for a repairs per sqft. method

[Steven Sales]

I'm looking for a sample guide of, how i should structure a ballpark estimate based on the per SQFT. method for the Hampton roads area.

I'm ok, doing a fixed cost estimate. I want something a little quicker when looking at a deal so i can see if it is an instant offer.

[John Warren]

@Steven Sales I was just speaking about this model the other day with a builder in my local area. I am completing my first flip here in Berwyn, IL, and he mentioned $50 per square foot being how much it costs to rehab to his specs. This is for a flip in a B area of the Chicago market. The issue with this model, is that you have to be doing a similar rehab in a similar area with the same or a similar GC in order for this to work. I don' think this model is that great if you are newer, as you won't have the track record to see any flaws in it early on.