Skip to content
Learn
Get Started
How To Manage Your Rental Property Real Estate Syndications
SMARTER Phases
Strategy Market Acquisition Rehab/Rent Tracking Exit Repeat
Resources & Media
Resource Hub Webinars BPCON2024 Podcasts Pro-Exclusive Videos PRO Books Blog Guides Self-Guided Bootcamps Interactive Bootcamps
BPCON2024 Is Heading to Cancun October 6-8
This is your chance to learn from the best, network with the best, and become one of the best in the game.
Free Webinars
Real estate investors break down the basics, and share tips on how to get your next deal.
Tools
Calculators
Rental Property Fix And Flip BRRRR Wholesaling Mortgage Payment 70% Rule Airbnb Rent Estimator Rehab Estimator
Software & Services
Build Your Team Tenant Screening Property Management Lease Agreement Packages PRO RentRedi PRO Insurance Pro Partners PRO
Find Deals
Find Markets Find Deals PRO Real Estate Syndications Off-Market Deal Finding PRO Community Listings Find Foreclosures
Market Finder
Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent to price ratio, and more.
Build Your Team
Suggested Vendors
Find an Agent Find a Lender Find a Property Manager Find a Tax & Accounting Pro Find a Financial Planner
Vendors & Partners
Build Your Team
Search
Members Businesses Classifieds
Events & Meetups
BPCON2024 Local Meetups
Agent Finder
Match with an investor-friendly agent who can help you find, analyze, and close your next deal.
Lender Finder
Get the best funding for your strategy. Find and compare investor-friendly lenders.
Forums
For You
Newest Trending Unanswered My Discussions Followed Discussions Followed Categories Followed Locations Followed People
General Real Estate
General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback
Real Estate Strategies
House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies
Finance & Financing
Lending Creative Finance Personal Finance Taxes & Legal Issues
News & Announcements
Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area PRO
Events & Networking
Events & Meetups Classifieds
Blog
General Real Estate
Real Estate News Market Trends Financing Landlording Tips Personal Finance Taxes Opinion
Top Strategies
BRRRR Short-Term Rentals Multifamily House Hacking Flipping
The Fed Is Planning to Cut Rates Soon. Here’s How Investors Should Prepare.
All signs seem to point to a September federal rate cut. It’s likely to be the first step toward a revived housing market, but how should investors prepare?
5 Reasons Commercial Real Estate is Actually the Easiest Asset Class For New Investors
Commercial real estate isn’t as complicated and hard to understand as many investors think.
Store
All Books
Browse All Best Sellers New Books & Pre-Orders Bundle & Save Books for Beginners
Simplify your goals and find clarity for your investing
Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.
Claim your piece of a $30B industry.
Build wealth with this insider's guide to glamping, campgrounds, and RV parks in the outdoor hospitality industry.
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
BlogsWendell's BlogsHow to Estimate Repair Cost in 5 Minutes or Less Using "Shortcuts"

Posted over 9 years ago

How to Estimate Repair Cost in 5 Minutes or Less Using "Shortcuts"

Every Thursday, I give a training to my Acquisition team. In the video below, I trained my acquisition team how to estimate repairs in 5 minutes or less using "hacks" or "shortcuts". I compared their "guestimates" with repair bids from our General Contractor's actual quotes. See how you fare and learn below:

Related Posts

October 13, 2014 "Hack" of the Wk - 10/13 -Landlords Learn from Credit Card Companies!
September 15, 2014 "Hack" of the Week - Sept. 15: How to Find Cash Buyers Using the MLS
July 26, 2015 The Science of Finding Deals - Even on the MLS!

Comments (5)

  1. Thanks Wendell! I have been overestimating my repairs. This is definitely helpful. 

    Sylvia Pomazak, about 9 years ago


  2. Wendell, thanks for the lesson. I appreciate your expertise. Don

    Don Alberts, about 9 years ago


  3. Wendell,

    I like your teaching style. Very informative & fantastic way to educate folks on the Rehab cost, especially newbie rehabbers.  Great way to help avoid overspending and under estimating. Thanks for sharing!

    Michelle Joiner, about 9 years ago


  4. Thank you for posting this video Wendell!  The examples were fantastic!  I feel much more comfortable making estimates on rehabs.  

    Frankie Woods, over 9 years ago


    1. That's great Frankie and you're very welcome!

      Wendell De Guzman, over 9 years ago