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Updated almost 4 years ago on . Most recent reply

Eseta Fuiava's profile image
Eseta Fuiava's profile image
Eseta Fuiava
  • New to Real Estate
  • from Santa Rosa, CA
  • Member since Apr 3, 2018
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Eseta Fuiava's profile image
Eseta Fuiava's profile image
Eseta Fuiava
  • New to Real Estate
  • from Santa Rosa, CA
  • Member since Apr 3, 2018
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Eseta Fuiava
  • New to Real Estate
  • Santa Rosa, CA
5
Votes |
15
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Wholesaling

What method do you use to estimate ARV?

Eseta Fuiava
  • New to Real Estate
  • Santa Rosa, CA
Posted

**Sorry, meant *REPAIR COSTS, not ARV**

Hi, I’m curious what methods other wholesalers use to estimate rehab costs before pitching to an end buyer? Are you guys getting quotes from contractors? Have a general formula? I’m new and don’t want to underestimate repairs. 

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Jim Pellerin's profile image
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Jim Pellerin
  • Real Estate Consultant
  • from USA
  • Member since Oct 8, 2014
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Jim Pellerin
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  • from USA
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Jim Pellerin
  • Real Estate Consultant
  • USA
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Jim Pellerin
  • Real Estate Consultant
  • USA
Replied

As a wholesaler, you are just providing estimates. Find some estimates that work for your area. Get 3 estimates for a small, moderate and major rehab. The amounts could be a percentage of the ARV. The buyer will do their own due diligence with their team.

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