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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply

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7
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3
Votes
Quincy Ford
  • New to Real Estate
  • Tampa, FL
3
Votes |
7
Posts

Evaluating Repair Costs

Quincy Ford
  • New to Real Estate
  • Tampa, FL
Posted

Hi all, I am new to the real estate game and BP family but wanted to use this as a resource for learning. My question is how do you determine the estimated cost of repairs when buying a BRRRR? I am interested in multi family properties in the Tampa/Clearwater area in Fl and need some insight as to calculating repair costs when analyzing a deal. Also, are there certain repair expenses that I should flat out stay away from??

Most Popular Reply

User Stats

646
Posts
596
Votes
Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
596
Votes |
646
Posts
Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
Replied

You should gain more experience by actually walking properties with contractors so you can learn what they look for. In order to get accurate numbers, someone has to walk it. 

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