Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

8
Posts
6
Votes
Levin Angeles
  • Bellerose, NY
6
Votes |
8
Posts

Crash coarse on analyzing rehab costs

Levin Angeles
  • Bellerose, NY
Posted

My wife and I are new investors looking for our first break. We had wanted to get more educated and gather more information before we got to this point but right across the street from us, a potentially good deal just opened up.

We just came back from seeing the property and it looks like it needs everything done.  Can anyone point me to the best way for me to quickly breakdown the costs for rehab?  I'm already familiar with the price ranges of the neighborhood since I live here and the asking price is already low enough that I think I can renovate with a healthy profit but I'd like to breakdown the costs item by item to better analyze the deal.

There's already multiple offers for the property and even if I don't get the deal I'd rest better knowing I didn't passively give up just because I didn't try my best with getting even a conservative offer on the table.

Thanks for any help.