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Updated over 1 year ago on . Most recent reply

Nick Thornquist's profile image
Nick Thornquist's profile image
Nick Thornquist
  • Investor
  • from Massachusetts
  • Member since Aug 26, 2021
  • Posts 7
  • Votes 4
  • Experience 2 Yrs
  • Investments 1
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Nick Thornquist's profile image
Nick Thornquist's profile image
Nick Thornquist
  • Investor
  • from Massachusetts
  • Member since Aug 26, 2021
  • Posts 7
  • Votes 4
  • Experience 2 Yrs
  • Investments 1
Connect
Nick Thornquist
  • Investor
  • Massachusetts
4
Votes |
7
Posts
Wholesaling

Determining MAO in Cleveland

Nick Thornquist
  • Investor
  • Massachusetts
Posted

In Cleveland/OH, what is an efficient way to determine estimated rehab costs? I've heard a good BALLPARK is $40/sf for cosmetic, $50/sf medium rehab and $60/sf for full gut. Any similar methodology used in Cleveland area? I understand it depends on various factors but want to be able to quickly determine an appropriate MAO.

Cleveland, Ohio
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Nicholas L.'s profile image
Nicholas L.'s profile image
Nicholas L.
  • #4 Starting Out Contributor
  • Flipper/Rehabber
  • from Pittsburgh
  • Member since Jun 5, 2018
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Nicholas L.'s profile image
Nicholas L.'s profile image
Nicholas L.
  • #4 Starting Out Contributor
  • Flipper/Rehabber
  • from Pittsburgh
  • Member since Jun 5, 2018
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Nicholas L.
#4 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
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5,068
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Nicholas L.
#4 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

I don't think you can - I'm in a similar market and this method will hurt you

Gotta just build a specific estimate for an actual deal

  • Nicholas L.
    • 1 Vote
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