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Updated over 8 years ago on . Most recent reply

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John Cox
  • Fort Worth, TX
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Estimating rehab costs

John Cox
  • Fort Worth, TX
Posted

As a newbie, I am stuck as to how to begin estimating rehab cost. What is the best book or source of info on this subject?

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Allen Fletcher
  • Investor
  • Colorado Springs, CO
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Allen Fletcher
  • Investor
  • Colorado Springs, CO
Replied

@John Cox

BP sells two as a packaged deal both by J. Scott

(https://www.biggerpockets.com/renewsblog/2013/03/2...), titled "The Book on Flipping Houses" and "Estimating Rehab Costs". I would also network with a few contractors in your area and then walk a house or two with them (I usually offer to pay them $25 to walk a house with me if I do not plan on using their services immediately, it helps to keep them willing to deal with you). After reading those and walking a house or two with different contractors you should have the ability to make some decent estimates.

Hope this helps,

Allen Fletcher

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