All Forum Posts by: Cale Ferguson

Looking forward to it.

Rental property investors... How many rental units will you add in 2018??

To all my fellow rehabbers out there...  How many fix and flips will you do in 2018???

I would be interested.  Either time is fine.

Antwan, I'm an investor and agent in the Columbia, SC market.  I'm here if you need me.  

Welcome. Hope it goes well for you here in Columbia. I'm right around the corner in Lexington. 

I agree that no "one size fits all" approach exists that is worth anything.  I don't do "high end" and "tear down" houses, at least not yet. I would be willing to bet the wholesaler who asked the question isn't planning to either. I agree that so few wholesalers are successful and part of the problem is very little construction knowledge.  I believe she was looking for a starting place, I would highly suggest a master rehab spreadsheet that has baseline pricing worked into it. This can then be easily modified to fit most houses you walk into and give you a SOW and rehab estimates.  You could then use it with a tablet or print of worksheets to fill out as you walk a property depending on what fits your style. I think the important thing is that you know what it actually means, and that will take time, study, and practice. 

Truthfully, I think these are high numbers. A $50/ft rehab would be quite extensive and way beyond anything I would even want to tackle. Only way you run into this is if the place is destroyed and uninhabitable when you go in or if you are dealing with a complete renovation in a fancy, high income area.  My rehabs usually fall in the 10-25 per foot range.  You really need a SOW sheet with some baseline prices for carpet, tile, roof, doors, faucets, water heater, etc etc etc. This will bring you much closer to the mark than $/ft guesses.