BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,
How can I learn renovation costs?
I'm extremely interested in learning the BRRRR method. I already have experience researching ARV through comps and rental rates. But I feel completely ignorant when it comes to estimating renovation costs. How can I learn to make reliable renovation estimates with only a house walkthrough? I expect I can't have contractors give me estimates for a house I don't already own, and I can't know if a house is a good buy unless I have a reliable renovation estimate. So how can I learn to estimate renovation costs?