Wholesaling estimates on repairs

[Account Closed]

I'm just starting my real estate wholesaling business and curious about knowing what's the best approach when doing estimates on the repairs? Considering its a big deal when negotiating and trying to find a end buyer this knowledge is crucial to the business.

[Robert Leonard]

@Account Closed  and therein lies the problem!  It's not easy and it's never exact.  The repair estimate will be different for a buy/hold investor and a house flipper.  And it changes for different neighborhoods and property price points.  Like I said, it's not easy.  The best thing you can do is find a local wholesaler or other investor who is good at estimating repairs, who you can work with to learn how to estimate repairs. 

A lot of wholesalers don't bother to learn this part of the business, but if you want to make yourself an outstanding wholesaler, you will learn it.  If you don't know it and you throw around numbers, you will only ruin your own credibility and limit your own ability to recognize a good wholesale deal when you see one.