BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago,
BRRRR Rehab Estimate
Hi All,
I'm looking to do my first long-distance BRRRR with no prior of experience with rehabbing. My biggest difficulty analyzing properties is projecting rehab costs. I'm reading J Scott's books on Estimating Rehabbing Costs, but I still feel I'm no closer to be able to estimate rehab costs with any confidence, especially when I'm looking at listings with only photos, some with bad photos or no photos at all. Do you rely on your local agents or contractors to come up with a rehab estimate for each property that you analyze?
Any guidance will be much appreciated.
Happy Valentine's Day people!
Elias