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